In 2005, a trade agreement reduced tariff s on more than 7,000 ASEAN and
Chinese products. Since then, trade between China and ASEAN countries has
maintained steady growth, Wen said. Two-way trade reached US$160.8 billion last
year, up 23.4 percent over the previous year.
Wen proposed that China and ASEAN nations should speed up talks on investment
agreements and complete the China-ASEAN free-trade agreement as planned.
"I hope this will bring the China-ASEAN win-win cooperation and common
development to a higher level," Wen said.
China proposed to strengthen cooperation between customs and inspection and
quarantine authorities of the nations involved.
China also offered to host the first meeting of the China-ASEAN Ministerial
Consultation on Quality Supervision, Inspection and Quarantine this year, the
Chinese premier said.
(For more biz stories, please visit Industry Updates)