Further ASEAN–China Cooperation for Joint Prosperity: Envisioning ACFTA 3.0 in the Digital Era

Table of Contents

• 1. Introduction 2
• 2. Impacts of the ACFTA on ASEAN Economic Development 2
• Table 5.1 ASEAN Top 5 Destinations of Exports and Imports of Goods 2022 4
• Table 5.2 Top 5 Traded Goods Between China and ASEAN 2022 5
• Figure 5.1 Flows of Inward FDI to ASEAN by Source Country 20122022 6
• 3. Good Practices and Lessons When Implementing the ACFTA 7
• 4. Evolution of ASEANs Regional Policy Towards China 8
• 5. Suggested Issues for the ASEANChina 3.0 Talks 11
• 5.1. Digital economy 11
• Table 5.3 Stages of Digital Development in ASEAN Member States 12
• Table 5.4 Comparison of Digital-Related Clauses in Major Digital Economy Agreements 14
• Potential benefits and costs to ASEAN and China 16
• Some foreseeable challenges 16
• Policy suggestions 17
• 5.2. Green economy 18
• Table 5.5 Chinas Transition to Green Low-Carbon and Circular Economy Key Tasks 19
• Thailand and the green economy 21
• Table 5.6 BEV Production in ASEAN 24
• Table 5.7 Government Policies to Support the Creation of the BEV Industry 25
• Potential benefits and costs to ASEAN and China 26
• Challenges facing domestic reforms 27
• Policy recommendation for negotiation and implementation of the agreement 27
• 5.3. Supply chain resilience 28
• Figure 5.2 Examples of Policies Supporting GVC Participation Classified by Level and Fundamental Factors 30
• Table 5.8 Main Policy Recommendations for GVCs From Crisis to the Future 31
• 5.4. Trade Facilitation 33
• Table 5.9 LPI Index for China and ASEAN Member States 20072023 34
• Table 5.10 Six Components of Logistics Performance in 2023 35
• References 37