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China, ASEAN speed up tariff reduction process

(China Daily)
Updated: 2006-10-11 09:18

By 2010, China will establish FTAs with Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, while Viet Nam, Laos, Cambodia and Myanmar can enjoy five more years of transition.

Besides pushing the development of goods trade, China and ASEAN will also speed up negotiations on service trade and investment so as to construct the FTA in a comprehensive way, according to Yin.

Bambang Khaeroni, trade attach with the Indonesia Embassy in China, said that co-operation between China and ASEAN "has been working dynamically."

Indonesia has long been involved in regional co-operation initiatives such as ASEAN and APEC (Asia-Pacific Economic Co-operation), said Khaeroni.

"These experiences can be implemented to promote strategic co-operation between China and ASEAN through China-Indonesia bilateral co-operation," he noted, showing great enthusiasm towards pushing the establishment of the FTA.