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The 19th AEM-MOFCOM Consultations Achieved Great Success
2020-09-04 14:06

On August 27,Zhong Shan, Minister of Commerce of the People’s Republic of China attended the nineteenth AEM-MOFCOM Consultations via video conference. At the Consultations, economic ministers from the ASEAN Member States (AMS) and China spoke highly of the fact that China-ASEAN trade and investment cooperation bucked the trend and achieved a robust growth momentum. The two sides have become each other’s largest trading partner, a historic breakthrough. The two sides are satisfied with the progress made during the decade after the China-ASEAN Free Trade Area (ACFTA) was fully established. China and ASEAN will further develop the ACFTA to bring more benefits to businesses and people from both sides. At the same time, the two sides will push for steady progress in sub-regional cooperation such as the BIMP-EAGA and China Cooperation (BECC) and Lancang-Mekong Cooperation (LMC), speed up cooperation on development assistance and work together to hold the 17th China-ASEAN Expo. The consultations produced three deliverables: First, a consensus was reached on the Future Work Programme under the ACFTA Upgrading Protocol. Second, the two sides confirmed the initiation of cooperation projects, including the “Outreach Program on Revised ROO under ACFTA Upgrading Protocol”. Third, the ministers reaffirmed the Joint Statement on Enhancing Cooperation under FTA and Combating COVID-19 published in the name of the economic and trade ministers of China and AMSs.

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