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  jata  Malaysia's Free Trade Agreements

Media Release : Signing Ceremony Of The Protocol To Amend The Framework Agreement On Comprehensive Economic Co-Operation Between Asean And The People’s Republic Of China

 

  1. The ASEAN Economic Ministers had successfully signed the Protocol To Amend The Framework Agreement On Comprehensive Economic Co-Operation Between ASEAN and the People’s Republic of China, witnessed by the Leaders on 22 November 2015 at the 27th ASEAN Summit and Related Summits held in Kuala Lumpur.

  2. The upgrading of the ASEAN-China Free Trade Agreement (ACFTA) aims to streamline and enhance economic cooperation, in line with the changes in the trade and economic landscape between ASEAN and China, including amendments to the agreement on Trade in Goods, Services, Investment, Economic and Technical Cooperation.

  3. ACFTA has contributed to the rapid development of trade and investment between ASEAN and China. It is important that the scope and content of ACFTA continue to grow in line with the current regional and global economic landscape and are comparable to other modern free trade agreements. The Protocol will strengthen and enhance the existing agreement to stimulate and facilitate trade in goods, services, investment and the enhancement on economic cooperation between ASEAN and China.

  4. The amendments under the Protocol is also expected to contribute and meet the goals set forth by the Leaders of ASEAN and China to achieve two-way trade of USD 1 trillion and investment of USD150 billion by the year 2020.



Last Updated 2015-11-23 07:13:31 by Azuna Hasbullah atau Abd Rahman

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