ASEAN-China Propose ACFTA 3.0 Success Announcement in November

The Association of Southeast Asian Nations (ASEAN) and China have proposed announcing the progress and achievements of the ASEAN-China Free Trade Area (ACFTA) 3.0 at an upcoming summit scheduled for November 2026. This proposal aims to further strengthen economic ties between the two regions and share the concrete outcomes of ACFTA 3.0, which is an upgraded version of the Free Trade Agreement. ACFTA 3.0 also focuses on new areas such as the digital economy, green economy, and supply chain resilience, and is expected to contribute to the sustainable growth and development of the regional economy. The proposal reaffirms the importance of the long-standing economic relationship between ASEAN and China, and demonstrates their willingness to promote coordinated efforts to maintain regional economic stability and prosperity amidst changing global circumstances. Detailed discussions on the specific announcement content and preparatory work are expected to proceed among the relevant countries going forward. Source: MGR Online (Business)