The Southeast Asian bloc ASEAN and China on Tuesday signed an upgrade to their free trade agreement, which is expected to include sections on digital, green economy and other new industries.
The 11-member Association of Southeast Asian Nations is China's largest trading partner, with bilateral trade totaling $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 U.S. President Donald Trump's administration on countries around the world.
Beijing has been seeking to position itself as a more open economy, despite criticism from other major powers of its expanding export restrictions on rare earths and other critical minerals.
The so-called 3.0 version of the free trade agreement with ASEAN was signed into effect at a summit of the bloc's leaders in Malaysia, which Trump attended on Sunday at the start of his trip through Asia.
Negotiations on the upgraded ASEAN-China deal began in November 2022 and concluded in May this year, just after Trump's tariff offensive kicked into gear.
China has previously said the agreement would pave the way for improved market access in sectors such as agriculture, the digital economy and pharmaceuticals between China and ASEAN.
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U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
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Chechen leader Ramzan Kadyrov is suffering kidney failure and is undergoing dialysis, Ukrainian intelligence sources say.
More than 1,000 apartment buildings in Kyiv remain without heating after Russian missile attacks crippled the city’s energy system during a sharp cold snap, Ukrainian officials say.
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