Asia is the region that enjoys the fastest economic growth. China has become an economic power in the twenty first century and it can maintain its economic growth. With the rapid growth of exports and imports, China has created a favourable environment for foreign investment. ASEAN is taking effective measures for greater economic cooperation in the region with the objective of forming an ASEAN economic community in 2015. ASEAN region rich in natural and human resources is the one that offers good business opportunities for investors.
Business and Investment Summits between China and ASEAN have been held and thanks to their cooperation, achievements have been made not only in trade and investment sectors but in other economic fields. As Myanmar and the People’s Republic of China carry out tasks on promotion of economic cooperation, trade and investment, annual volume of trade between the two countries is on the increase. Most of the investments are in the sectors of mining, industry, oil and natural gas and electricity. Today the world is facing fuel and food crisis and ways and means are to be sought to exploit new energy resources and to produce energy in the ASEAN region. In the process, efficient cooperation among the nations is vital. As the agriculture sector plays a main role in economic development of most ASEAN nations, exchange of technology and research are necessary for boosting food production. Progress has been made in the efforts to establish Free Trade Area under the cooperation programme between China and ASEAN. Holding the 5th China-ASEAN Business and Investment Summit in Nanning, PRC, will continue to contribute to producing better resultsin trade and investment between ASEAN and China.
Business and Investment Summits between China and ASEAN have been held and thanks to their cooperation, achievements have been made not only in trade and investment sectors but in other economic fields. As Myanmar and the People’s Republic of China carry out tasks on promotion of economic cooperation, trade and investment, annual volume of trade between the two countries is on the increase. Most of the investments are in the sectors of mining, industry, oil and natural gas and electricity. Today the world is facing fuel and food crisis and ways and means are to be sought to exploit new energy resources and to produce energy in the ASEAN region. In the process, efficient cooperation among the nations is vital. As the agriculture sector plays a main role in economic development of most ASEAN nations, exchange of technology and research are necessary for boosting food production. Progress has been made in the efforts to establish Free Trade Area under the cooperation programme between China and ASEAN. Holding the 5th China-ASEAN Business and Investment Summit in Nanning, PRC, will continue to contribute to producing better resultsin trade and investment between ASEAN and China.
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