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The China-ASEAN Association for Trade
In the city of Kunming (Chinese province of Yunnan), the China-ASEAN Trade Association was established, ChinaPRO 10 reports.
The new organization is set to promote the development of trade and economic relations between China and the ASEAN countries and to assist its members in expanding their positions in the international arena.
At the end of 2013, the ASEAN countries were among the top five major trading partners of China. The volume of bilateral trade reached $ 443,61 billion. In addition, the largest partners of China were the countries of the European Union, with which trade reached $ 559,06 billion, US ($ 521 billion), Japan ($ 312,55 billion).
China's foreign trade in 2013 amounted to $ 4,16 trillion, which is 7,6% more than 2012.