In a significant move to bolster economic cooperation, China and the Association of Southeast Asian Nations (ASEAN) have officially signed the Free Trade Area 3.0 Upgrade Protocol. The signing ceremony took place in Kuala Lumpur on Tuesday, marking a new chapter in the long-standing partnership between the two regions. This upgraded protocol aims to further reduce trade barriers, enhance market access, and foster deeper economic integration. The agreement is expected to stimulate trade and investment flows, benefiting businesses and consumers across both China and ASEAN member states. The signing of this protocol underscores the commitment of both parties to maintaining open and mutually beneficial trade relations, especially in an era of global economic uncertainty. This development is seen as a strategic step towards strengthening regional economic resilience and promoting sustainable growth.
