Tuesday, 8 October 2013

A Decade of China-Asean Strategic Partnership

Interview to Chinese Premier Li Keqiang.

What tangible benefits has this 10 years of China-ASEAN strategic partnership brought to the two sides?
Over the past decade, China and ASEAN have advanced practical cooperation and set up the world's largest free trade area among developing countries. China is now ASEAN's biggest trading partner and ASEAN China's third largest trading partner. Last year, two-way trade exceeded US$400 billion, five times that of ten years ago; mutual investment totaled over US$100 billion, three times that of ten years ago. Over the past decade, China and ASEAN have increased people-to-people and cultural exchanges. Exchange of visits reached 15 million last year, four times that of ten years ago. China has become ASEAN's second largest source of tourists, and over 1,000 flights shuttle between the two sides every week. Over the past decade, China and ASEAN have stood side by side in times of adversity. On the basis of successfully fending off the Asian financial crisis, the two sides properly responded to the international financial crisis, and helped each other in tackling such major natural disasters and epidemics as the Indian Ocean tsunamis, the SARS epidemic and earthquakes.

We need to build on the achievements of the "golden decade", explore new strategic breakthroughs, and jointly build a closer China-ASEAN community of common destiny. 
I believe we need to focus our efforts in the following areas:
First, we need to remain committed to building good-neighborly relations. China is ready to actively discuss with ASEAN countries the signing of a treaty on good-neighborliness, friendship and cooperation to consolidate the political foundation for our strategic mutual trust.
Second, we need to strengthen exchange and cooperation in the security field. We need to improve the mechanism of ASEAN-China defense ministers' meeting and deepen cooperation in disaster prevention and relief, cyber security, combating transnational crimes, joint law enforcement and other non-traditional security fields.
Third, we need to build an "upgraded version" of the China-ASEAN FTA. We need to take concrete steps in trade in goods, trade in services, investment cooperation and other areas to promote trade and investment liberalization and facilitation and achieve the goal of one trillion US dollars of two-way trade by 2020.
Fourth, we need to push forward connectivity and step up the linkage between "software" and "hardware". China proposes to establish an Asian infrastructure investment bank and meet, on a priority basis, some ASEAN countries' need for financial support in infrastructure building.
Fifth, we need to strengthen financial cooperation to jointly guard against new risks. We need to increase the size and scope of bilateral currency swap, expand the pilot program of settling cross-border trade with local currencies and enhance cooperation on the Chiang Mai Initiative Multilateralization.
Sixth, we need to build a maritime cooperation partnership, intensify practical cooperation on marine economy, especially fishery, and in other areas such as maritime connectivity, marine environment protection and scientific research, and maritime search and rescue, and work together to build the Maritime Silk Road of the 21st century.
Seventh, we need to boost cultural exchanges. The two sides should jointly formulate the China-ASEAN Cultural Cooperation Action Plan to facilitate exchanges in culture and education, and between youth, think tanks and the media.

Source: Xinhua

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