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What is the ASEAN Free Trade pact?

Asked 2 days ago

Answer

The ASEAN Free Trade Area is a trade agreement among Southeast Asian nations aimed at reducing tariffs and promoting economic integration, recently upgraded to include digital and green industries.

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Reuters

China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact

Reuters ยท Current
Reuters
Reuters
Current
  • China and ASEAN signed an upgraded free trade agreement to strengthen economic ties.
  • The new pact includes provisions for digital and green economies. 1m 6s
  • The agreement was signed during an ASEAN summit in Kuala Lumpur. 1m 13s
  • Negotiations began in November 2022 and concluded after the US imposed new tariffs. 1m 20s
  • The US and China extended a trade truce during the summit, with further talks planned. 1m 40s
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References

China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact
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Reuters
2 days ago
China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact

China signed an upgraded free-trade deal with the Association of Southeast Asian Nations, or ASEAN, on Tuesday.

China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact
Icon
Reuters
2 days ago
China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact

The upgraded agreement includes sections on digital, the green economy and other new industries.

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