00:00Welcome back.
00:01In the context of the Summit of the Association of South Asian Nations, ASEAN, held in Malaysia,
00:08the Chinese government is expanding the free trade agreement in response to the rise in
00:12protectionism from the United States.
00:14During the final day of the ASEAN Summit in Kuala Lumpur, Chinese Premier Li Kean and
00:20the regional bloc's chair, Malaysian Premier Anwar Ibrahim, oversaw the China-Asian Free
00:26Trade Area 3.0 Upgrade Protocol.
00:31The pact establishes a combined market of over 2 billion people, in addition to reducing
00:36tariffs on goods and increasing the flow of services and investments.
00:40The deepening of the trade conflict between China and the United States risks weakening
00:44global economic growth, while awaiting the meeting between Chinese President Xi Jinping and his
00:49US counterpart, Donald Trump, in South Korea on Thursday.
01:00For his part, Chinese Prime Minister Li Kean highlighted the importance of cooperation
01:05as a means to overcome the current global economic uncertainties.
01:09Economic coercion, bullying and division, pursuing confrontation instead of solidarity brings no
01:16benefits, which will only allow external forces to divide and manipulate us.
01:20The more complex and severe the situation is, the more we must stay united and strengthen
01:23ourselves by relying on each other and coordinating our actions.
01:27We can safeguard our lives.
Comments