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ASEAN Becomes China's Fourth Largest Partner:
Official
BEIJING, Sept 15 (AFP) - Trade between China and
the Association of Southeast Asian Nations (ASEAN) grew 25 percent
in the first half of this year, making it China's fourth largest
trade partner, an official said Thursday. Trade volume between the
two sides reached 59.76 billion dollars in the first six months, the
Xinhua news agency quoted Fu Ziying, assistant to the Minister of
Commerce, as saying. Fu made the remarks at a press conference on
preparations for the second China-ASEAN Expo to be held from October
19-22 in Nanning, capital of south China's Guangxi region.
China-ASEAN trade has increased by 50 billion dollars since the two
sides initiated steps towards a free trade zone in 2002, making
ASEAN the fifth largest export market for China and the fourth
largest source for imports, Fu said. Bilateral trade registered an
annual growth of 38.9 percent in the 2002-2004 period, reaching
105.9 billion dollars in 2004, Fu said. President Hu Jintao set the
goal for China-ASEAN trade to reach 200 billion dollars by 2010 when
he visited ASEAN countries in April. Due to deepening economic and
trade cooperation between the two sides, Fu said, the pace of
building the China-ASEAN free trade zone has been accelerated.
Malaysian Prime Minister Abdullah Ahmad Badawi said in August that
China and ASEAN were on track to signing the free trade agreement by
2013. He said the initial common tariff reduction would be finished
by 2006. ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore, Thailand and Vietnam. cs/sm |