BEIJING: China has signed free trade agreements (FTAs) with 29 countries and regions as of the end of January this year. According to government data, the trade value between China and these partners accounts for about a third of the nation's total foreign trade value.
The Ministry of Commerce (MOC) said China made new breakthroughs in both FTA negotiations and signings last year. In 2023, the country signed FTAs with Ecuador, Nicaragua and Serbia, as well as it signed a protocol to further upgrade the China-Singapore Free Trade Agreement and made substantial progress in early FTA negotiations with Honduras.
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