China and the Association of Southeast Asian Nations signed the China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol in Kuala Lumpur, Malaysia on Tuesday, according to information released by the Ministry of Commerce.
The upgrade of the CAFTA to Version 3.0 signals both sides’ commitment to upholding multilateralism and free trade, as well as their determination to jointly build an open, inclusive, rules-based regional integrated market and a mutually beneficial, resilient regional industrial and supply chain system, the Ministry of Commerce said in an online statement.
