二是全面提升开放水平。3.0版在货物、服务、投资市场准入已达到较高水平开放基础上，聚焦规则与 合作领域，作出了中国和东盟各自自贸实践的最高水平承诺。特别是建立了贸易便利化等"边境上"传统 领域和数字、绿色、供应链等"边境后"新兴领域的系统性合作框架和机制化安排，明确了具体合作领域 和重点举措，将为区域经济增长注入新动能。 三是着力促进包容发展。3.0版在积极打造区域经济增长新引擎的同时，还纳入了竞争和消费者保护、 中小微企业、经济技术合作等领域，通过保障企业公平竞争、维护消费者合法权益、支持中小微企业发 展和提升最不发达国家履约能力，促进区域经济包容发展，使中国与东盟各国企业和人民都能够从区域 经济增长中受益。 "我们注意到，许多地方和企业已经行动起来，积极研究议定书新规则，为议定书生效后抢抓新机遇做 好准备。商务部正在加快推进议定书的国内核准工作，与东盟方共同努力推动议定书尽早生效实施。希 望各地方、各行业结合实际，指导帮助企业了解好、理解好、利用好中国—东盟自贸区新规则新机遇， 真正从中受益。"何亚东表示。 商务部国际司负责人此前解读议定书时也表示，在当前基于规则的国际经贸体系面临严峻挑战的背景 下，双方 ...

Core Points - The signing of the new agreement between China and ASEAN is a strategic response to U.S. dollar hegemony and reflects a collective decision by ASEAN countries to strengthen economic ties with China after Trump's visit [1][5][16] Group 1: Agreement Details - The upgraded version of the agreement, known as the "China-ASEAN Free Trade Area 3.0," expands cooperation into new areas such as digital economy, green economy, and supply chain connectivity, marking a significant evolution from previous versions [5][7] - The new "origin rules" in the agreement allow products to be classified as "ASEAN origin" if at least 40% of their value comes from China and ASEAN countries, countering U.S. efforts to decouple supply chains [9][10] Group 2: Political Implications - The timing of the agreement's signing immediately after Trump's departure indicates a strategic move by ASEAN to assert its economic priorities and maintain unity against external pressures, particularly from the U.S. [5][10][16] - The agreement serves to stabilize ASEAN's internal dynamics, especially in light of the Philippines' increasing military cooperation with the U.S. under President Marcos, ensuring that economic cooperation remains the primary focus [10][14]

Group 1 - The Malaysia International Halal Showcase (MIHAS) is the largest trade promotion activity in China to date, coinciding with the 8th China International Import Expo (CIIE) [1] - Malaysia has been China's largest trading partner for 16 consecutive years, highlighting the deep-rooted trust and cooperation beyond mere trade data [1][6] - The Malaysian delegation at MIHAS consists of over 250 companies and institutions, with 800 representatives and more than 200 exhibition booths, aiming for a trade total of 2.5 billion MYR [3][4] Group 2 - The CIIE serves as a crucial platform for Malaysian companies, especially SMEs, to connect with high-quality consumers and partners in China and East Asia [3][4] - The Malaysia External Trade Development Corporation (MATRADE) plans to leverage the CIIE to introduce more high-value agricultural products to the Chinese market [4] - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol in Kuala Lumpur is expected to enhance Malaysia-China cooperation in digital economy, green economy, and supply chain connectivity [6][7] Group 3 - Malaysia aims to deepen cooperation with China in high-value products and services, particularly in high-end manufacturing sectors like electronics and semiconductors [7] - The 3.0 upgrade protocol establishes comprehensive digital trade rules and emphasizes the importance of supply chain fluidity post-pandemic, enhancing Malaysia's strategic position in the China-ASEAN supply chain [6][7] - The ongoing partnership is built on 50 years of diplomatic trust, with expectations for balanced, diversified, and resilient growth in Malaysia-China trade [7]

Core Insights - Malaysia is leveraging the China International Import Expo (CIIE) to promote its largest trade initiative in China, the Malaysia International Halal Showcase (MIHAS) [1][2] - The event aims to connect Malaysian companies, especially SMEs, with high-quality consumers and partners in China and East Asia, with a target trade volume of 2.5 billion MYR [2][4] - The bilateral trade between China and Malaysia reached 212.03 billion USD in 2024, marking an 11.4% year-on-year increase, with China being Malaysia's largest trading partner for 16 consecutive years [4] Group 1: Trade Promotion and Participation - MIHAS features over 250 companies and institutions, with 800 representatives attending, showcasing more than 200 booths in a 2,000 square meter exhibition area [2] - The event serves as a platform for Malaysian fast-moving consumer goods companies to engage with Chinese distributors, leading to local product adaptations and nationwide distribution agreements [2][3] Group 2: Future Cooperation and Economic Growth - The signing of the upgraded China-ASEAN Free Trade Area 3.0 agreement in Kuala Lumpur is expected to enhance Malaysia-China cooperation beyond traditional trade, focusing on digital economy, green economy, and supply chain connectivity [4][5] - Malaysia aims to deepen collaboration with China in high-value products and services, particularly in high-end manufacturing sectors like electronics and semiconductors [5][6] Group 3: Strategic Frameworks - The Malaysia External Trade Development Corporation (MATRADE) emphasizes the importance of the Belt and Road Initiative and the 3.0 upgrade as frameworks supporting balanced and resilient trade growth between Malaysia and China [6]

Core Insights - The recent signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol in Kuala Lumpur creates extensive market and industrial cooperation opportunities for ASEAN and Chinese enterprises [1] - The protocol enhances competitiveness, attracts sustainable investment, and strengthens regional integration for ASEAN member countries like Indonesia [1] - The focus on digital economy and green growth aligns with Indonesia's development agenda, particularly in achieving net-zero emissions through clean energy and green transportation cooperation with China [1] Group 1 - The protocol covers new areas such as digital economy, green economy, and supply chain connectivity, which are crucial for Indonesia's development [1] - Indonesia aims to collaborate with China in e-commerce platforms, AI logistics, and digital payment ecosystems to support SMEs and reduce transaction costs [1] - In the green economy sector, Indonesia seeks to learn from China's experience in renewable energy technology, electric vehicle supply chains, and green finance frameworks [1] Group 2 - The Regional Comprehensive Economic Partnership (RCEP) provides new momentum for Indonesia-China cooperation, especially benefiting SMEs by simplifying customs procedures and promoting e-commerce [2] - The "Two Countries, Twin Parks" cooperation project between Indonesia and China aims to leverage complementary advantages in green energy, digital economy, mineral downstream processing, and sustainable agriculture [2] - The upcoming China International Import Expo in Shanghai offers Indonesian SMEs a platform to find partners, expand markets, and integrate into the global trade ecosystem [2]

Group 1 - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol is a significant achievement in implementing the consensus reached during the 30th anniversary summit of China-ASEAN dialogue relations [2][4] - The protocol reflects a commitment to multilateralism and free trade, countering unilateral tariff measures and protectionism, thereby boosting confidence in regional and global economic growth [2][3] - The protocol marks a milestone in deepening regional economic integration, expanding cooperation from traditional trade and investment to emerging areas such as digital and green economies [3][6] Group 2 - The China-ASEAN Free Trade Area has evolved through various stages since its inception in 2002, with the latest upgrade being the 3.0 version, which was officially launched after nearly two years of negotiations [4][5] - The trade volume between China and ASEAN reached $982.3 billion in 2024, a 17-fold increase since the establishment of the free trade area [4] Group 3 - 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-sized enterprises [7][8] - It establishes a comprehensive framework for cooperation in the digital economy, including measures for data flow, cybersecurity, and digital infrastructure [8][9] - The green economy section defines key areas for collaboration, aiming to eliminate trade barriers related to environmental standards and promote sustainable development [9][10] Group 4 - The protocol includes provisions for supply chain cooperation, enhancing resilience and connectivity, and addressing logistics bottlenecks [10][11] - It establishes a framework for competition and consumer protection, enhancing legal cooperation and consumer rights [12] - The protocol also emphasizes support for small and medium-sized enterprises, facilitating their participation in international trade and digital transformation [12][13] Group 5 - The protocol will undergo domestic approval processes in both China and ASEAN countries before coming into effect [14]

Core Points - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol on October 28 in Kuala Lumpur is expected to enhance economic cooperation between ASEAN and China, bringing new momentum to their partnership [1] - ASEAN leaders anticipate that the bilateral trade between ASEAN and China will exceed $1 trillion for the first time this year [1] - The protocol includes nine new chapters focusing on digital economy, green economy, supply chain connectivity, technical standards and regulations, customs procedures, sanitary measures, competition and consumer protection, small and medium enterprises, and economic and technical cooperation [1] Group 1 - The protocol is expected to make trade between ASEAN and China smoother and more efficient, thereby enhancing regional economic vitality [1] - Digital economy and green economy were highlighted as key topics during the ASEAN summit, with significant emphasis on inclusive and sustainable development initiatives [1] - The new chapters in the protocol are believed to support each other, leading to a qualitative improvement in ASEAN-China economic cooperation [2] Group 2 - The future of ASEAN-China economic cooperation is expected to achieve a fundamental leap by benefiting from improved rules and systems [3]

Core Points - The signing of the China-ASEAN Free Trade Area 3.0 agreement during the 47th ASEAN Summit on October 28 aims to enhance economic cooperation and support multilateral free trade amidst global uncertainties [1][2] - The 3.0 version introduces significant upgrades in nine areas, marking a shift from previous agreements and indicating a new phase in the development of the China-ASEAN Free Trade Area [1][3] Summary by Sections Trade Value Chain - The original goal of the China-ASEAN Free Trade Area was to eliminate all tariffs and non-tariff barriers on goods trade, achieving over 90% zero tariffs by 2010 [2] - The 2.0 version aimed for a bilateral trade volume of $1 trillion and mutual investment of $150 billion by 2020, focusing on further liberalizing goods trade [2] Supply Chain Connectivity - The 3.0 version emphasizes supply chain connectivity, addressing issues like the free flow of key products and services, infrastructure connectivity, and collaborative responses to supply chain disruptions [3] - It includes provisions related to digital economy, customs procedures, and trade facilitation, which are crucial for enhancing trade and economic growth [3] Emerging Topics - New areas of cooperation in the 3.0 version include digital economy and green economy, moving beyond traditional trade topics [4][5] - Digital economy provisions cover measures for seamless digital trade, data management, and cybersecurity, aiming to enhance participation of SMEs and address the digital divide [4] - Green economy initiatives focus on environmental products and services, promoting sustainable economic growth and regional energy transition [5][6] Institutional Level Enhancement - The 3.0 version introduces separate chapters on standards and regulations, competition, and consumer protection, reflecting the need for higher institutional standards in trade agreements [7] - It aims to unify standards and technical regulations while protecting consumers and promoting fair competition in the market [7]

Core Points - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol marks a significant enhancement in economic cooperation between China and ASEAN, reflecting a commitment to multilateralism and free trade [1][2][6] - The protocol includes nine new areas of cooperation, such as digital economy, green economy, and supply chain connectivity, indicating a shift from traditional trade focus to a more institutionalized cooperation model [3][4][7] Group 1: Economic Impact - The China-ASEAN Free Trade Area has seen a 17-fold increase in trade volume since its inception in 2002, with a projected trade volume of $982.3 billion in 2024 [2][4] - In the first nine months of this year, bilateral trade reached $776.7 billion, a year-on-year increase of 9.6%, highlighting the growing integration of manufacturing supply chains [4][6] Group 2: Strategic Significance - The upgrade is viewed as a strategic victory for China, enhancing its influence in the region and providing opportunities for ASEAN countries to strengthen their economic resilience [1][8] - The protocol is expected to create new opportunities for micro, small, and medium enterprises in the region, fostering economic integration and stability [6][9] Group 3: Future Prospects - The implementation details of the protocol are expected to be finalized in the coming months, with member countries likely to approve it by 2026 [9] - The upgrade signifies a transition to high-quality cooperation, focusing on advanced technology and deeper industrial integration, which is anticipated to enhance productivity levels [9][10]

Core Points - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol during the 47th ASEAN Summit signifies a new phase in the China-ASEAN community building, injecting new momentum into regional integration and demonstrating support for global multilateral free trade [1][2][3] Summary by Sections Trade Value Chain - The China-ASEAN Free Trade Area aims to eliminate all tariffs and non-tariff barriers on goods trade, achieving over 90% zero tariffs by 2010 with the completion of the 1.0 version [2] - The 2.0 version, signed in 2015, focused on enhancing the liberalization of goods trade, with a target of reaching a bilateral trade volume of $1 trillion and $150 billion in mutual investment by 2020 [2] Supply Chain Connectivity - The 3.0 version includes a focus on supply chain connectivity, addressing issues such as the free flow of key products and services, infrastructure connectivity, and collaborative responses to supply chain disruptions [3] - It encompasses nine areas related to supply chain topics, including digital economy, customs procedures, and small and medium enterprises, which are expected to double trade and economic growth benefits when supported by trade facilitation [3] Emerging Topics - The 3.0 version introduces cooperation in the digital economy and green economy, moving beyond traditional trade topics to include next-generation trade issues [4][5] - In the digital economy, it includes measures for seamless digital trade, data management, and cybersecurity, aiming to enhance participation from small and medium enterprises and address the digital divide [4] - The green economy section focuses on environmental products and services, promoting sustainable economic growth and regional energy transition through cooperative frameworks [5] Institutional Level Enhancement - The 3.0 version establishes separate chapters for standard and regulatory integration, as well as competition and consumer protection, reflecting efforts to enhance the institutional level of the free trade area [6] - It emphasizes the need for unified standards and regulations, encouraging joint development of compliance assessment procedures and protecting online consumers [6]