Is this action based on genuine economic reasons or is it partly to diffuse China‘s tension with many ASEAN countries involved with the on–going maritime territorial disputes?
China Daily: “China pledged to increase its imports from the Association of Southeast Asian Nations as bilateral trade started to favor China in the second half of 2012, Vice-Minister of Commerce Gao Yan told a news briefing on Tuesday.
Emblem of ASEAN (Photo credit: Wikipedia)
China will enhance trade facilitation through cooperation with ASEAN members in areas including customs and quality checking while sending purchasing groups for agricultural products from ASEAN members, Gao said.
In addition, exhibitions, including the 10th CAEXPO to be held September 3-6 in Nanning, Guangxi Zhuang autonomous region, will serve as opportunities for ASEAN exporters to expand their sales to China, she added.
China is the biggest trade partner of ASEAN and bilateral trade hit $400.1 billion in 2012, with Chinese exports totaling $204.3 billion and imports of $195.8 billion, leaving a trade surplus of $8.5 billion. China previously had a trade deficit with ASEAN, Gao said.”
via China to expand imports from ASEAN members |Economy |chinadaily.com.cn.
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