2025 marks a major milestone as the China-ASEAN Free Trade Area (CAFTA) celebrates its 15th anniversary along with the signing of its Upgrade Protocol for Version 3.0. Over the past 15 years, CAFTA has evolved from its early version to a more robust framework that strengthens economic cooperation between the Chinese mainland and ASEAN.
In today’s shifting global landscape—facing challenges like tariff battles and economic transformations—the commitment to free trade has never been more vital. Bilateral trade sky-rocketed from $213 billion in 2009 to nearly $1 trillion recently, showcasing a growth story that inspires young entrepreneurs and investors alike. 🚀
On the investment front, cumulative two-way investments have exceeded $400 billion, underlining a shared vision of openness and partnership. CAFTA’s continuous improvement reflects the power of collaboration that transcends borders and drives regional and global stability. 🌏
Looking ahead, the upgraded CAFTA framework promises even greater opportunities for trade, investment, and cultural exchange, setting the stage for another dynamic chapter of innovation and progress.
Reference(s):
Upgrading China-ASEAN FTA: Boosting global and regional growth
cgtn.com
