China and ASEAN Boost Economic Ties with Enhanced Free Trade Agreement

China and ASEAN upgraded their Free trade agreement, enhancing economic ties across digital and green sectors, amidst booming bilateral trade reaching $771 billion last year.

• During a signing event in Kuala Lumpur, leaders from China and ASEAN announced an upgraded Free trade agreement focusing on the digital and green economy.
• ASEAN, consisting of 11 member nations, is Chinas largest trading partner, with bilateral trade amounting to $771 billion in the previous year.
• Li Qiang, the Premier of the Peoples Republic of China, emphasized the importance of this agreement in strengthening economic cooperation within Southeast Asia.