China will continue to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), according to its commerce ministry, which recently reiterated China's commitment to achieving a comprehensive and high-level Free Trade Area of the Asia-Pacific (FTAAP).

"China adheres to aligning with high-standard international economic and trade rules and expanding high-level opening-up," said ministry spokesperson Gao Feng.

The spokesperson said China will propose work plans in digital and green economy and actively participate in the formulation of new guiding documents on advancing FTAAP, according to official Chinese media.

Gao said China would continue to implement the Regional Comprehensive Economic Partnership agreement with high quality and safeguard the security and stability of regional industrial and supply chains.

The country will also work with members of the Association of Southeast Asian Nations (ASEAN) to actively build version 3.0 of the China-ASEAN Free Trade Area and establish more mutually beneficial bilateral and regional economic and trade ties, he added.

Source: Fibre2Fashion

• Factsheet: The Free Trade Agreement between EFTA and Viet Nam (EFTA - Viet Nam FTA)
• Leveraging FTAs to drive breakthroughs in import-export activities
• South-East Asia's next growth cycle to be driven by 'Fabulous Five', says economist
• Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says
• Progressives look to recharge the Green New Deal for the AI era