In 2023, China will make a new breakthrough in both negotiating and signing FTAs.

According to the Ministry of Commerce of China (MOC), the country has signed free trade agreements (FTAs) with 29 countries and territories as of the end of January 2024.

Năm 2023, Trung Quốc tạo đột phá mới về cả đàm phán và ký kết FTA

China has made new breakthroughs in both FTA negotiations and signing in 2023. (Source: Asiapacific.ca)

Government figures show that trade between China and these partners accounts for about one-third of the country's total trade.

MOC said China achieved new breakthroughs in both FTA negotiations and signing last year.

In 2023, China signed FTAs with Ecuador, Nicaragua and Serbia, as well as signed a protocol to upgrade the FTA with Singapore and made significant progress in initial negotiations on an FTA with Honduras.

According to the MOC, China will continue to develop a high-standard free trade network and expand the application of duty-free policies on traded goods this year.

The MOC plans to integrate high-standard economic and trade regulations in digital economy management, green economy, standards and certification, as well as public procurement into the negotiation of new FTAs.

(according to Xinhua)

Source