Core Points - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol on October 28 marks a significant achievement in implementing the consensus reached during the 30th anniversary summit of China-ASEAN dialogue relations [1][4] - The protocol reflects a strong commitment to multilateralism and free trade, aiming to create a resilient regional supply chain and a large market based on rules [1][4] Group 1: Importance of the Protocol - The protocol signifies a milestone in deepening economic integration between China and ASEAN, expanding cooperation beyond traditional trade to emerging sectors like digital and green economies [5] - It aims to strengthen the China-ASEAN community by fostering an open, inclusive, and rule-based regional market, supporting peace and prosperity [5][6] Group 2: Background and Negotiation Process - The China-ASEAN Free Trade Area construction began in 2002, with the first version completed in 2010 and the second version in 2015. The 3.0 version negotiations started in November 2022 and are expected to conclude by May 2025 [2][6] - The trade volume between China and ASEAN reached $982.3 billion in 2024, a 17-fold increase since the inception of the free trade area [6] Group 3: Key Features of the Protocol - The protocol introduces five new areas of cooperation: digital economy, green economy, supply chain connectivity, competition and consumer protection, and support for small and medium enterprises [8][9] - It establishes a high-level commitment to trade facilitation and cooperation in both traditional and emerging sectors, enhancing regional economic growth [8][9] Group 4: Main Content of the Protocol - The protocol covers nine major areas, including customs procedures, trade facilitation, and new sectors like digital and green economies [10] - Specific commitments include the establishment of a rules framework for the digital economy, cooperation in green technology, and enhanced supply chain resilience [10][11][12][13][14] Group 5: Implementation of the Protocol - Following the signing, both parties will undergo domestic approval processes to ensure the protocol's early implementation [15]
中国与东盟签署自贸区3.0版升级议定书
证券时报·2025-10-28 04:59