Cooperation: ASEAN, China deepen ties amid global tensions

AWANI

China and ASEAN have reaffirmed their economic partnership,  concluding negotiations on the CAFTA 3.0, with the signing of the protocol expected later this year.

Transcript

00:00China and ASEAN have reaffirmed their economic cooperation at the ASEAN Foreign Minister's Summit earlier today.

00:07Both sides have completed negotiations on the China-ASEAN Free Trade Agreement version 3.0,

00:14with the protocol expected to be signed later this year.

00:18Foreign Minister Dato' Sri Mohamed Hassan said this agreement will help strengthen economic cooperation

00:23and resilience between China and ASEAN, especially during these challenging times.

00:28On the issue of South China's Sea, Mohamed said ASEAN is confident in concluding the Code of Conduct in the not-too-distant future,

00:37calling for parties involved in the meantime to exercise prudence.

00:42He also praised China's readiness to sign and ratify the Southeast Asia Nuclear Weapon Free Zone Treaty,

00:50a key step in non-proliferation efforts.

00:53The summit came amid renewed concerns over U.S. trade tariffs and growing U.S.-China tensions.

01:00U.S. President Donald Trump has announced levies of 25% to 40% on eight Southeast Asian countries

01:07despite efforts to negotiate lower rates.

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