China signs expanded ASEAN free trade pact as alternate to US protectionism

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China signs expanded ASEAN free trade pact as alternate to US protectionism   The free trade area covers a combined market of more than 2 billion people, lowers tariffs on goods, and boosts flows of services and investment.  READ MORE : http://www.euronews.com/2025/10/28/china-signs-expanded-asean-free-trade-pact-as-alternate-to-us-protectionism  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00China has signed an expanded version of a free trade agreement with the Association of Southeast Asian Nations,

00:07known as ASEAN, in a bid to pitch itself as an alternative to protectionist policies of U.S. President Donald Trump.

00:14Chinese Premier Li Keong said after the meeting that boosting trade with his country could help overcome global economic instability.

00:21The deal, signed between Keong and Malaysian Prime Minister Anwar Ibrahim,

00:26arrived on the last day of the annual ASEAN Summit, held in Kuala Lumpur this year.

00:32It aims to provide a more stable trading and economic climate for Asian countries in the alliance,

00:37which have been shaken by Trump's global tariffs.

00:40The agreement aims to make trade benefits more accessible, improve market entry for small players,

00:46streamline non-tariff procedures, and lower regulatory barriers.

00:49It comes as Washington and Beijing continue to clash over what Trump called an unfair trading relationship, favoring China.

00:58The two nations have threatened ludicrous tariffs on each other's imports, exceeding 200%,

01:03a move if implemented, is set to rattle global markets.

01:07Trump, who's currently touring Asia, is expected to hold talks with Chinese President Xi Jinping

01:12in what much of the international community hopes will lead to a trade deal and halt global financial uncertainties.

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