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21 October 2009

China calls for closer cooperation with Asean

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Chinese Vice Premier Li Keqiang Tuesday said China and the members of the Association of Southeast Asian Nations (Asean) should seek to expand economic cooperation to boost their economies as the China-Asean Free Trade Area (FTA) will come into effect soon, China Daily reported.

Li made the remarks at the opening ceremony of the China-Asean Business and Investment Summit, which was held simultaneously with the China-Asean Expo from October 20 to 24 in Nanning, capital city of south China's Guangxi Zhuang Autonomous Region.

Li said both sides should join hands to advance their economies in a healthier and more sustainable manner.

"Nations should maintain continuity and stability of economic policies to weather the global economic downturn and revive the world economy," Li said.

China and the 10 nations of Asean signed the China-Asean Framework Agreement on Comprehensive Economic Cooperation in 2002, proposing the FTA to be completed in 2010.

China and Asean should deepen trade cooperation, Li noted, saying both parties should put into concrete practice the preferential policies in accordance with the regulations in the achieved trade agreement of goods and service.

Efforts are needed to develop new policies conducive to market liberalization and offer more legal protection to provide new opportunities for enterprises, Li said.


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