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25th China-ASEAN Economic Ministers' Meeting held in Manila, Philippines
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The 25th China-ASEAN Economic Ministers' Meeting took place on September 21 in Manila, Philippines, co-chaired by Chinese Vice Minister of Commerce Yan Dong and Philippine Trade and Industry Secretary Maria Cristina Roque. ASEAN economic officials and the ASEAN Secretary-General attended. Discussions covered global and regional economic trends, the direction of China-ASEAN economic cooperation, and free trade area development, with broad consensus reached. Yan Dong stated that under the strategic guidance of both sides' leaders, China-ASEAN economic cooperation has achieved new results, and China's economic development will continue to bring 'China Opportunity 2.0' to ASEAN. He expressed willingness to jointly address unilateralism and protectionism and expand cooperation in digital economy and green trade investment. The ASEAN side noted that China has been ASEAN's largest trading partner for 17 consecutive years and its third-largest foreign investment source, expressing desire to build a closer and more pragmatic economic partnership. ASEAN highly praised the positive role of the Work Plan on Further Deepening China-ASEAN Economic Cooperation (2022-2026) and welcomed progress on ratifying the Protocol to Upgrade the China-ASEAN Free Trade Area (Version 3.0), looking forward to its early entry into force. Both sides agreed to continue advancing economic integration, promote inclusive growth, and strengthen economic cooperation ties for regional prosperity.
Source report
On September 21, the 25th China-ASEAN Economic and Trade Ministers' Meeting was held in Manila, the capital of the Philippines, which currently serves as the rotating chair of ASEAN. The meeting was co-chaired by Yan Dong, Vice Minister of Commerce of China, and Fred Pascual, Secretary of Trade and Industry of the Philippines. Economic and trade ministers from ASEAN member states and the Secretary-General of ASEAN also attended the meeting.
The meeting focused on in-depth discussions on global and regional economic conditions, the direction of China-ASEAN economic and trade cooperation, and the development of the free trade area. Broad consensus was reached on these topics.
Key Remarks from China
Yan Dong stated that under the strategic guidance of leaders from both sides, China-ASEAN economic and trade cooperation has continued to achieve new results. He noted that China and ASEAN share similar development philosophies and aligned economic and trade interests, and that China's economic growth will continue to bring a "China Opportunity 2.0" to ASEAN. China expressed its willingness to continue upholding openness and cooperation with ASEAN, jointly addressing unilateralism and protectionism, and expanding innovation in the digital economy and green trade and investment.
Key Remarks from ASEAN
ASEAN representatives noted that China has remained ASEAN's largest trading partner for 17 consecutive years and is also the third-largest source of foreign investment for the region. ASEAN expressed its desire to build a closer and more pragmatic economic partnership with China.
ASEAN highly commended the positive role of the Work Plan on Further Deepening China-ASEAN Economic and Trade Cooperation (2022–2026) in promoting practical cooperation. The bloc also welcomed progress in the ratification of the Protocol to Upgrade the China-ASEAN Free Trade Area (Version 3.0) and expressed anticipation for its early entry into force.
Joint Consensus
Both sides agreed to continue advancing economic integration on the basis of existing achievements, promote inclusive growth, further strengthen economic and trade cooperation ties, and jointly contribute to regional prosperity and development.
Source: Economic and Commercial Office of the Chinese Mission to ASEAN
Source
证券之星-国际财经Eastern
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China and ASEAN pledge deeper economic ties, digital and green cooperation at Manila meeting