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B&R News: China, ASEAN adopt Strategic Partnership Vision 2030
14 Nov 2018

 

14 November 2018, China and the Association of Southeast Asian Nations (ASEAN) adopted a key document to chart the course for their ties till 2030.

 

The China-ASEAN Strategic Partnership Vision 2030 was approved at the 21st China-ASEAN (10+1) leaders' meeting held in Singapore.

 

In the document, the two sides agreed to realize a goal of one trillion U.S. dollars in two-way trade volume and 150 billion U.S. dollars in investment by 2020. They also look forward to yielding more fruitful results from trade and investment by 2030.

 

The vision also reaffirms China and ASEAN's commitment to expedite the negotiations of the Regional Comprehensive Economic Partnership (RCEP), and to work towards early conclusion and adoption of a substantive and effective Code of Conduct (COC) in the South China Sea.

 

Hailing the vision as a blueprint for the long-term development of bilateral ties, Chinese Premier Li Keqiang said at the meeting that the two sides should, under the guidance of the vision, synergize the Belt and Road Initiative with the ASEAN Vision 2025, and strengthen the building of the three pillars -- the political security, economy and trade, and people-to-people exchanges, so as to lift China-ASEAN relations to a higher level.

 

This year marks the 15th anniversary of the establishment of the China-ASEAN Strategic Partnership. Established in 1967, ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

 

Source: Xinhua News Agency