Experts have called for China to use the weekend's ASEAN summits to balance
and harmonize trade relations and maximise the benefits of economic
cooperation.
China and the ASEAN are expected to sign a series of service
trade agreements when they meet on Sunday.
That summit follows Saturday's
ASEAN Plus Three (China, Japan and South Korea) summit.
Until January 16,
trade ministers from East and Southeast Asia will meet in Cebu, in the
Philippines, for a series of summits originally planned for September 10-14, but
canceled after a typhoon hit the popular tourist destination.
Besides
Sunday's ASEAN Plus China summit and the ASEAN Plus Three summit, an ASEAN
summit and an East Asia summit (covering the ASEAN, China, Japan, South Korea,
Australia, India and New Zealand) will also be held.
The summits will see
trade officials discus topics including energy security, finance, education,
bird flu, natural disasters response and rescuing the Doha trade talks, which
came to a deadlock last July.
"Beijing will be happy if it is able to
build closer economic ties with the ASEAN," said Xu Ningning, deputy
secretary-general of the China-ASEAN Business Council.
An official from
the Ministry of Foreign Affairs said China and the ASEAN plan to sign service
trade agreements during the ASEAN Plus China summit.
"We will take
another step toward establishing a China-ASEAN free trade area as the service
sector markets open wider," he said.
Officials will also draw up plans
for further economic cooperation at the summit, he added.
Experts
including Xu and Lu Jianren, a senior researcher with the Chinese Academy of
Social Sciences said aside from Sunday's ASEAN Plus China summit, they will also
be paying close attention to the ASEAN Plus Three summit.
"It is
important for strengthening economic relations among China, the ASEAN and other
East Asian nations," said Lu.
Besides China, the ASEAN has started free
trade talks with Japan, South Korea, India, the US, and Russia.
But China
was the first nation to begin free trade talks and experts say they are
proceeding at a fast pace.
"China should strengthen relations with the
ASEAN," said Zhai Kun, director of Southeast Asian and Oceanian Studies at the
China Institute of Contemporary International Relations.
But he added
that claims the nation would have no other economic worries if it kept its
relationship with the bloc on track were naive.
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