ASEAN-China trade projected to surpass 1 trillion USD in 2025
ASEAN is China’s largest regional trading partner, with close to 1 trillion USD, Indonesian Ambassador to China Djauhari Oratmangun said, hoping the figure to surpass 1 trillion USD by the end of the year.
A cargo port in Tianjin, China. (Photo: Xinhua/VNA)
ASEAN is China’s largest regional trading partner, with close to 1 trillion USD, Indonesian Ambassador to China Djauhari Oratmangun said, hoping the figure to surpass 1 trillion USD by the end of the year.
As reported by the Indonesian daily online English-language newspaper Jakarta Globe, Djauhari’s statement came not long after ASEAN upgraded its trade accord with China.
This new version of the ASEAN-China Free Trade Area grants greater inclusivity for small enterprises, a major boon for Southeast Asia, as businesses of this size have been the backbone of its economy.
ASEAN’s export-import activities with China have been gaining speed over the past decades. In 2024, bilateral trade amounted to nearly 7 trillion CNY (approximately 989.9 billion USD), the Chinese customs data showed. The figures only reached approximately 870 billion CNY in 2004./.
VNA
Source: https://en.vietnamplus.vn/asean-china-trade-projected-to-surpass-1-trillion-usd-in-2025-post333751.vnp
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ASEAN-China trade projected to surpass 1 trillion USD in 2025
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