China and 10 ASEAN countries have concluded negotiations on CAFTA Version 3.0, a major upgrade of their free trade agreement.

  • The deal introduces nine new chapters focused on areas like the digital economy, green economy, and supply chain connectivity, aiming to deepen regional integration and economic cooperation.
  • Officials say CAFTA 3.0 will enhance trade stability, foster industrial and technological collaboration, and provide institutional support for efficient and secure supply chains.
  • With bilateral trade nearing USD 1 trillion in 2024, both sides see this as a key step toward high-quality development and a strong signal in favour of open, rule-based multilateral trade.
  • Formal signing of the agreement is expected by the end of 2025.

Link here for more.

china xi 18 February 2025 2

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China + ASEAN Member States:

  • Brunei Darussalam
  • Cambodia
  • Indonesia
  • Laos
  • Malaysia
  • Myanmar
  • Philippines
  • Singapore
  • Thailand
  • Vietnam

These eleven countries form the CAFTA 3.0, an upgraded free trade agreement aiming to deepen economic integration between China and the ASEAN bloc.

Source: Forex Live