Beijing has made it a policy
priority to upgrade the China-ASEAN free trade area, which would
contribute to development and prosperity in the region, a Bruneian
expert said.
In a China-ASEAN expo early
September, Chinese Premier Li Keqiang called for an "upgraded
version" of the free trade area (FTA) between China and the
Association of Southeast Asian Nations (ASEAN), pledging economic
and trade cooperation of "greater scope and higher quality."
His proposal is a remarkable
blueprint for future China-ASEAN ties, Chiew Chee Phoong, deputy
editor-in-chief of the Brunei Times, told Xinhua in a recent
interview.
Bilateral trade between China and
ASEAN amounted to 400.1 billion U.S. dollars last year, nearly six
times that of 10 years ago. In the first half of 2013, bilateral
trade surged to 210.56 billion dollars, up 12.2 percent year on
year.
Li has suggested China and ASEAN
strengthen inter-connectivity, particularly on information exchange
and improving the road and railway system.
"In my view, it is extremely
important to enhance maritime cooperation between China and ASEAN
countries," said Chiew, adding that port trade would effectively
speed up the China-ASEAN cooperation.
The expert noted that the Bruneian
government hopes to lift business and transportation cooperation
with China's southwestern port city of Qinzhou, which would be a
gateway for trade between the two countries.
On finance cooperation, Chiew said
he is confident that China's yuan, already a strong currency in the
region, will sooner or later become a strong currency
internationally, and serve as a circulating and swap currency in
ASEAN.
"At present, several ASEAN
countries are already using the yuan in their trade settlement,"
said Chiew. "That is an important step forward for an upgraded
China-ASEAN FTA."
Meanwhile, enhancing cultural and
people-to-people exchanges, as Li has proposed, is a crucial part
of upgrading the FTA, said the expert.
Students from ASEAN countries
studying in China will see for themselves China's growth and
peaceful path of development, said Chiew, noting that these people
will greatly help promote the ASEAN-China relations.
For this reason, Li's plan is very
far-sighted, said Chiew.
"Education, culture, and
people-to-people exchange can last for a long time and truly help
the two sides deepen understanding of each other and reconcile
their differences," said Chiew.
This would be a truly
forward-looking and effective way to upgrade the FTA, he said.
Endi