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ASEAN leads way to trade bloc with China and reduced trade barriers

Ten nations sign trade bloc with six countries including China and conclude negotiations on a new economic partnership.

An AirAsia Airbus A320 proclaims "Truly ASEAN" to celebrate its sustainability partnership with ASEAN nations
An AirAsia Airbus A320 proclaims "Truly ASEAN" to celebrate its sustainability partnership with ASEAN nations (AN/George Tan)

Ten nations' leaders agreed as part of a prominent Southeast Asian intergovernmental organization to promote regional stability by signing the world's biggest trade bloc with six other countries including China in 2020.

The leaders of the Association of Southeast Asian Nations, or ASEAN, "welcomed the conclusion" of negotiations on Sunday aimed at lowering trade barriers through a proposed Regional Comprehensive Economic Partnership, the ASEAN chair, Thailand, said.

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