China and the Association of Southeast Asian Nations (ASEAN) have signed the upgraded “FTZ 3.0” free trade agreement, marking a new phase in regional economic cooperation. The enhanced pact covers key areas such as digital trade, green economy, infrastructure, healthcare, and pharmaceuticals. Officials say FTZ 3.0 aims to strengthen regional supply chains, accelerate trade digitalization, and contribute to carbon-neutral development goals. The agreement is viewed as a significant step toward deepening intra-Asian economic integration at a time when global protectionism is on the rise. Analysts note that the new phase of China–ASEAN cooperation could accelerate development investment across Southeast Asia while reinforcing China’s economic influence under the Belt and Road Initiative (BRI).
China and ASEAN Deepen Cooperation with “FTZ 3.0” Trade Deal: Digital and Green Economy Take Center Stage
