Intensified China-ASEAN Trade To Boost Post-pandemic Recovery
Umer Jamshaid 12 days ago Fri 10th September 2021 | 05:15 PM
Malaysia Prime Minister Ismail Sabri Yaakob said Friday that intensified trade activity between China and members of the Association of Southeast Asian Nations (ASEAN) would boost post-pandemic economic recovery
KUALA LUMPUR, (APP - UrduPoint / Pakistan Point News - 10th Sep, 2021 ) :Malaysia Prime Minister Ismail Sabri Yaakob said Friday that intensified trade activity between China and members of the Association of Southeast Asian Nations (ASEAN) would boost post-pandemic economic recovery.
In his virtually delivered speech at the the 18th China-ASEAN Expo (CAEXPO), Ismail Sabri urged both parties to work together, to continue embracing multilateral and open trade relations to facilitate the region in weathering the crisis.
"As outlined in the ASEAN Economy Recovery Framework, we have to strive to keep the supply chain connectivity uninterrupted, and to facilitate the movement of essential goods and services." "By removing unnecessary barriers to trade, and by rolling-back on new restrictive trade measures, we will be bringing ourselves closer to pre-pandemic economic growth rates," he said.
He also said the Regional Comprehensive Economic Partnership (RCEP), the world's biggest trade pact, will serve as an integral tool that helps navigate the region towards recovery and future growth.
RCEP, which was finally signed after eight years of negotiations, demonstrates to the world that ASEAN, together with its free trade agreement (FTA) partners, including China, is committed to the transnational supply chain and in keeping markets open amid the ravages of a global pandemic, he said.
He also suggested that opening up travel bubbles, recognition of vaccination certificates and quarantine arrangements could be explored between China and ASEAN to revive not only the tourism industry, but also people-to-people connectivity.
This year's expo will help expand the platform functions of the expo. It will also further serve the construction of the Belt and Road Initiative and the RCEP.