ASEAN remained China's largest trade partner, with bilateral trade volume reaching 3.92 trillion CNY (546.6 billion USD) in the first seven months, up 10.5% from a year ago, according to statistics by the Chinese General Administration of Customs (GAC).
Beijing (VNA) - ASEAN remained China's largest trade partner, with bilateral trade volume reaching 3.92 trillion CNY (546.6 billion USD) in the first seven months, up 10.5% from a year ago, according to statistics by the Chinese General Administration of Customs (GAC).
Of the sum, China’s exports to ASEAN stood at 2.36 trillion CNY, up 13.7% year-on-year, the agency said.
China has been ASEAN's largest trading partner for 15 consecutive years, while ASEAN has risen to become China's largest trade partner for four years in a row.
Last year, the two-year trade revenue accounted for 15.4% of China’s international trade value, and the number was 15.8% in the seven months.
Among the 10 ASEAN member countries, Vietnam, Malaysia, and Indonesiaﷺ were China’s top trade partners, with tur🍌nover up 24.1%, 13.7%, and 4.1% respectively in the reviewed period./.
ASEAN countries and China have been promoting cooperation on durian, especially in the field of innovation in breeding technology, planting, farming techniques, processing, and ensuring a sustainable production chain.
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Kao Kim Hourn has suggested measures to enhance ASEAN-China comprehensive strategic partnership to create greater benefits to the people of bloc member countries and China.
The China National Textile and Apparel Council, the ASEAN Federation of Textile Industries (AFTEX), the Textile Council of Hong Kong (China), and the Hong Kong General Chamber of Textiles (HKGCOT) signed their first memorandum of understanding on cooperation at a ceremony in Hong Kong on March 21.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
