During the annual summit talks in Vientiane, Laos, Chinese Premier Li Qiang emphasized the importance of deeper market integration with Southeast Asia. The discussions took place amidst concerns over China's recent aggression in the disputed South China Sea, particularly following violent confrontations with ASEAN members Philippines and Vietnam.
While not directly addressing the maritime disputes in his opening speech, Li highlighted the significance of intensifying trade relations and creating an 'ultra large-scale market' for economic prosperity. He acknowledged the challenges posed by the sluggish global economy, rising protectionism, and geopolitical turbulence, emphasizing the need for strengthened market coordination and synchronization for further cooperation.
ASEAN and China are working towards upgrading their free trade pact, with negotiations expected to conclude next year. The expanded pact aims to cover supply chain connectivity, the digital economy, and green economy, building on the significant growth in trade between ASEAN and China over the past decade.
China's role as ASEAN's top trading partner and third-largest source of foreign investment has influenced the bloc's approach to the South China Sea disputes, where several ASEAN members, along with Taiwan, have overlapping claims with China. Despite ongoing tensions, ASEAN and China are focused on enhancing economic cooperation and trade relations.
Discussions at the summit also touched on the importance of a code of conduct to govern behavior in the South China Sea, with Philippines President emphasizing the need for peace and stability in the region. The involvement of external actors, such as the U.S., in the maritime disputes was also highlighted, with U.S. Secretary of State expected to address China's aggression during the meetings.
Aside from maritime issues, ASEAN engaged with other dialogue partners, including Japan and South Korea, to strengthen strategic partnerships and cooperation. The bloc's central role in the region was underscored, with former ASEAN Secretary-General emphasizing ASEAN's contribution to maintaining peace and progress in Southeast Asia despite ongoing challenges.
As the summit continues, discussions on regional security, economic cooperation, and conflict resolution remain key priorities for ASEAN and its partners.
