China-ASEAN to Promote Economic Growth

China-ASEAN to Promote Economic Growth

ASEAN foreign ministers’ meetings held in Bali, Indonesia left those in attendance feeling that there will be increased Chinese cooperation and that this Chinese-ASEAN relations will increase economic growth and prosperity. ASEAN Secretary-General Surin Pitsuwan went onto elaborate that  Chinese-ASEAN relations will improve the region and encourage stability.

 

China-ASEAN to Promote Economic Growth

China-ASEAN to Promote Economic Growth

 

With China as the second largest economy in the world, and ASEAN’s history of strong ties, they look forward to being a part of China’s continued economic surge and part of the supply chain.

 

Indonesian Foreign Minister Marty Natalegawa backed up these feelings saying that both China and ASEAN could benefit from a strategic partnership and economic cooperation and integration.

 

China is now the largest trading partner of ASEAN nations and ASEAN passed up Japan as the third largest partner for China. In just one year the trade between China and ASEAN has gone from 7.9 billion U.S. dollars to 292.8 billion, up by more than 30x.

 

ASEAN has promoted peaceful development and Asian integration for decades as the region’s stability and the population’s improved well-being as been primary goals.  Yang Jiechi, Chinese foreign minister continued pressing these goals at the 18th ASEAN Regional Forum.

 

With China-ASEAN cooperation increasing over the past 20 years, and relations at an all time high, the two regions are also looking for ways to increase maritime connectivity and increase exchanges for tourism and education.

 

 

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