Logo 22 May 2025

China, ASEAN finalize free trade agreement upgrade

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China and ASEAN are poised to upgrade the ASEAN-China Free Trade Area (ACFTA).

Final negotiations toward a 3.0 version of the trade pact – known as CAFTA in China – successfully concluded on Tuesday.

Some context: ACFTA – established in 2002 – has gradually eliminated 90% of bilateral tariffs betw...