Xi Jinping: China-ASEAN cooperation sees growing gains

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Vice President Xi Jinping has delivered a keynote speech at the summit. He noted the trade volume between China and ASEAN has increased from 7 billion US dollars in 2004 to more than 362 billion US dollars in 2011, with an annual growth rate of 20 percent. China is now ASEAN’s biggest trade partner, and ASEAN is the third biggest of China. Xi Jinping proposed four measures to carry things forward.

Xi Jinping, Chinese Vice President said, "First, China and ASEAN should further step up efforts to boost the development of the China-ASEAN free trade area. The FTA, which covers a population of more than 1.9 billion, has laid a solid foundation for the deepening of cooperation in less than 3 years. I hope all parties can continue to improve and implement the agreements reached, further facilitate trade and investment liberalization and optimize import and export structure to reach the goal of 500 billion US dollars trade by 2015."

"Second, we should further increase two-way investment. In the second decade of this century, China will continue to combine its "going global and attracting foreign investment" strategies. China will guide its enterprises to invest in foreign countries and carry out programs which improve the local infrastructure and people’s livelihood."

"Third, we should improve communication and exchange. Accessible information is an important basis for economic and trade cooperation and people-to-people exchanges."

"Fourth, we should deepen civilian and people-to-people exchanges."

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