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VietNamNews

China-ASEAN Expo promotes growth in regional trade links

Update: September, 17/2014 - 10:39
Deputy Vietnamese Prime Minister and Foreign Minister Pham Binh Minh (Third from left) attends the eleventh China-ASEAN Expo (CAEXPO) in Nanning, China.— Photo VGP

BEIJING (VNS) — The eleventh China-ASEAN Expo (CAEXPO) in Nanning, China, is the fruit of a strategic partnership between the ASEAN nations and China.

Deputy Vietnamese Prime Minister and Foreign Minister Pham Binh Minh said this yesterday at the opening of the expo in China's Nanning City.

China's Deputy Premier, Zhang Gaoli, Singapore Prime Minister Lee Hsien Loong , and Cambodian Prime Minister Hun Sen, were among the guests.

Viet Nam's Foreign Minister said the expo was organised under the regional comprehensive economic partnership (RCEP) between ASEAN, China and other partners, which was still being finalised.

He said it would facilitate freer flows of goods, services, investments and human resources as well, create value chains and contribute to maintaining peace and stability for economic development in the region.

Minh called for closer co-ordination between the bloc and China to maintain peace, stability and navigation safety in the East Sea as well as implementing fully and seriously the Declaration on the Conduct of Parties in the East Sea (DOC).

He said it would also speed up the creation of a Code of Conduct in the East Sea (COC), in line with international law, including the 1982 UN Convention on the Law of the Sea.

Themed a Jointly-built Maritime Silk Road for the 21st Century, the annual expo has drawn 2,330 businesses showcasing their products and services at 4,600 booths.

This year, Viet Nam's pavilion boasts 200 booths of products displayed by 100 businesses, the largest number among the bloc's members.

The expo is jointly held by China's Ministry of Trade and the 10 ASEAN member countries.

It is one of the top 10 Chinese exhibitions and an important mechanism to promote friendship and trade links between ASEAN member states and China . — VNS

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