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.
U.S. President Donald Trump warned Iran to expect further strikes on Saturday (7 March). In a post on social media, he said Iran would be '...
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the Uni...
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, inc...
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian ne...
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from...
The UK has pledged to step up engagement with Beijing after Hong Kong media tycoon and British citizen Jimmy Lai was sentenced to 20 years in prison, with the case resurfacing as a key issue following Prime Minister Keir Starmer’s recent trip to Beijing.
Chinese electric vehicle giant BYD is pushing to make charging an electric car almost as quick and convenient as filling up a traditional petrol vehicle - a move that could help remove one of the biggest barriers to wider electric vehicle adoption.
China has outlined its main economic and policy priorities for the coming year in its annual government work report, a key document that sets out the country’s development plans.
Escalating tensions between Iran and the U.S. are raising economic concerns across Central Asia. Although the region lies far from the conflict, its economies remain closely tied to global energy markets and trade routes linked to the Persian Gulf.
U.S. President Donald Trump warned Iran to expect further strikes on Saturday (7 March). In a post on social media, he said Iran would be 'hit very hard'. His comments came a week into the conflict with Iran, which has spread across the Middle East.
Lebanon's Hezbollah warned Israeli residents to evacuate towns within 5 km (3.11 miles) of the border between the countries in a message posted on its Telegram channel in Hebrew early on Friday.
The Azerbaijani State Security Service has said it has stopped Iran committing terror attacks against four targets in the country: Baku-Tbilisi-Ceyhan pipeline, the Israeli Embassy in Azerbaijan, a leader of the Mountain Jews religious community and the "Ashkenazi" synagogue.
The Israeli military says it has destroyed an underground bunker beneath Iran’s leadership complex in Tehran that it claims was built for former supreme leader Ali Khamenei.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
A 35-year-old former rapper is on track to become Nepal’s next prime minister. Early counting in the elections on Friday (7 March) showed Balendra Shah’s Rastriya Swatantra Party (RSP) was leading in around 100 seats, far ahead of rivals.
Newly released FBI records summarising interviews with an unidentified woman contain allegations that U.S. President Donald Trump attempted to force her to perform a sexual act when she was a teenager, according to documents published by the U.S. Justice Department.
Australia’s move to ban social media access for children under 16 has intensified a global debate, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
Indonesia will restrict access to social media platforms for children under 16, its communications and digital ministry said on Friday (6 March), becoming the latest country to introduce online guardrails aimed at reducing the risks of addiction and cyberbullying.
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