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Chinese Premier Li Qiang pushes for stronger economic integration with Asean
Philippine President Ferdinand Marcos, Jnr says economic cooperation can’t be divorced from political security
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Chinese Premier Li Qiang played up the potential of greater economic integration between Asean and Beijing at a regional summit on Thursday, prompting pushback from the Philippines.
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Addressing leaders of the Association of Southeast Asian Nations (Asean) in the Laotian capital Vientiane on Thursday, Li said closer and more organic integration of the two markets would have a major scaling-up effect on the economy.
“The extra-large market is the greatest support we have to promote economic prosperity, and improving market connectivity is an important direction for our further cooperation,” Li said.
He also said China and Asean had completed talks to upgrade their free trade pact, saying it showed China’s “firm support for multilateralism and free trade”.
“Today, I am pleased to announce with the leaders of Asean that the negotiations on the China-Asean Free Trade Area to its 3.0 version have reached a substantial conclusion,” Li said.
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“This is an important step in our joint efforts to lead the economic integration of [Southeast and East] Asia.”
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