ISLAMABAD
\nAs of June 23, a total of 163 trade agreements have been signed at the 9th China-South Asia Expo, with a combined contract value of 8.663 billion yuan. According to the Yunnan Provincial Department of Commerce, 150 of these are formal agreements worth 8.3 billion yuan, 12 are letters of intent totaling 213 million yuan, and one is a framework procurement agreement valued at 150 million yuan.
\nProfessor Lin Minwang, Vice Dean of the Institute of International Studies at Fudan University, shared his views in an interview with China Economic Net: \u201cChina and South Asian countries share a common vision for the future and the world. We all hope for a stable international order and resilient supply chains. Right now, both sides are working toward deeper interconnection.
\nIn today\u2019s turbulent global landscape, our shared interests are growing. China is strong in industrialization, while many South Asian countries excel in agriculture. This complementarity creates significant potential for future economic cooperation.\u201d
\nXu Bu, member of the UN Secretary-General\u2019s High-Level Advisory Board on Effective Multilateralism and President of the Institute of Global Development and Security at Jiangsu University, provided further insight in an exclusive interview with China Economic Net:
\n\u201cWhen we talk about multilateralism today, it\u2019s unfortunate that the global system is not functioning as effectively as it should. However, multilateral cooperation in the Asia-Pacific region is advancing rapidly. China\u2019s partnerships with both South and Southeast Asian nations are strengthening regional multilateral frameworks that benefit all parties involved.
\nThe China-South Asia Expo is a crucial platform that supports this progress. It has facilitated significant economic cooperation\u2014not just between China and South Asia, but also with Southeast Asia.
\nFor instance, China\u2019s bilateral trade with Pakistan has exceeded $23 billion, and with India, over $150 billion. Regional economic cooperation is on a constructive path, but we must not take it for granted.
\nContinuous efforts are needed to safeguard and sustain cooperation\u2014whether in economics, security, or politics.\u201d Amid a global realignment of trade, regional cooperation is emerging as a key strategy for navigating uncertainty and promoting shared prosperity.
\nIn this context, China\u2019s deepening ties with South and Southeast Asian countries have gained remarkable traction. Events like the China-South Asia Expo are playing an active role in integrating regional supply chains and enhancing market connectivity.
\nZhou Mi, a researcher at the Chinese Academy of International Trade and Economic Cooperation, emphasized Asia\u2019s unique strengths: a combined consumer market of 2.8 billion people, representing immense potential, and strong institutional frameworks like the Regional Comprehensive Economic Partnership (RCEP).
\n\u201cThese factors,\u201d he noted, \u201ccreate ideal conditions for building a more cohesive regional economic community.\u201d He added:\u201cIn my view, regional collaboration presents a powerful package for long-term development.
\nIf we look back at North America\u2014take NAFTA, for example, established in 1994\u2014it was built on the developmental differences between the U.S., Canada, and Mexico, which helped foster vertical integration along the supply chain. Similarly, China, Southeast Asia, and South Asia, with their vast populations and diverse development stages, offer immense opportunities.
\nThe RCEP negotiations began in November 2012, led by ASEAN and initially involving its six existing FTA partners (China, Japan, South Korea, Australia, New Zealand, and India). We hope to strengthen these types of mechanism further, ensuring collaboration is grounded in mutual commitments.
\nThese commitments can shape expectations and lay the foundation for a new, globally significant platform for cooperation and development.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD As of June 23, a total of 163 trade agreements have been signed at the 9th China-South Asia Expo, with a combined contract value of 8.663 billion yuan. According to the Yunnan Provincial Department of Commerce, 150 of these are formal agreements worth 8.3 billion yuan, 12 are letters of intent totaling 213 million […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-486377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n