FTAs spur China’s trade and partners’ economies

Analysts and exports said FTAs can help open up new markets, streamline trade procedures, bolster economic diversification and adapt to new global trade norms this year. — China Daily

BEIJING: The expansion of China’s free trade agreements (FTAs) with multiple countries will enhance the competitiveness of its products globally and facilitate its companies’ entry into more markets this year, according to analysts and exporters.

With the China-Nicaragua FTA – China’s 21st free trade deal with another country – taking effect on Monday, they said multilateral and bilateral FTAs can be powerful tools to boost China’s foreign trade.