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China, Asean sign upgraded free-trade pact
Business Standard
|October 29, 2025
China and the Asean bloc of Southeast Asian nations signed an upgrade to their free trade agreement on Tuesday, with leaders hailing the deal which spans the digital and green economy, and other new industries.
The 11-member Association of Southeast Asian Nations is China's largest trading partner, with bilateral trade totalling $771 billion last year, according to Asean statistics.
China is seeking to intensify its engagement with Asean, a region with a collective gross domestic product of $3.8 trillion, to counter hefty import tariffs imposed by US.
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