In a bold move toward a more integrated economic future, the ASEAN free trade agreement with the Chinese mainland is set to evolve into FTA 3.0. This upgraded framework will expand cooperation in key sectors such as the digital economy, green economy, and agriculture, charting a new course for regional trade and innovation.
ASEAN Secretary-General Kao Kim Hourn emphasized the growing importance of e-commerce and digital trade as member states work on a digital economy framework agreement. With this renewed focus, the FTA upgrade is expected to reduce trade barriers and modernize business exchanges, creating fertile ground for emerging technologies and sustainable economic partnerships.
Beyond the immediate benefits for traditional trade, this transformation resonates widely—from young global citizens and tech enthusiasts to thought leaders keen on sustainable development. The emphasis on deeper agricultural trade and greener initiatives highlights a commitment to not only economic growth but also environmental responsibility.
As negotiations progress, the dynamic shift promised by FTA 3.0 is poised to stimulate innovation, foster cross-border collaboration, and enrich the economic landscape for both ASEAN and the Chinese mainland, paving the way for a more connected, resilient future.
Reference(s):
ASEAN secretary-general: Advancing China-ASEAN free trade area 3.0
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