China-ASEAN industrial cooperation deepens on RCEP

NANNING — During the 2024 New Year holiday, a bustling scene unfolded at Youyi Pass, also known as Friendship Pass, as trucks from both China and Vietnam formed lines for Customs clearance. Shipments of agricultural products like durians and mangosteens from member states of the Association of Southeast Asian Nations were streaming into China through the port situated in the border city of Pingxiang in South China’s Guangxi Zhuang autonomous region. In the opposite direction, trucks laden with electronic components, machinery and equipment were en route to ASEAN countries. Boosted by the Regional Comprehensive Economic Partnership agreement that entered into force on Jan 1, 2022, industrial cooperation between China and ASEAN has continued to deepen over the past two years,…

Source: China Daily
Categories: Business, International Business and Trade, Import and Export