ASEAN-China Summit, sinimulan na | Balitanghali - video Dailymotion

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00:00Meanwhile, this is the second day of the ASEAN Summit in Laos that was hosted by President Bongbong Marcos.

00:06We will get more details on this on the spot by Ivan Marilina.

00:10Ivan?

00:14Connie, the first part of the ASEAN Summit that will continue today from here in Vientiane, Laos, PDR,

00:21is the ASEAN-China Summit.

00:23Connie means that these are the ASEAN Member States and the so-called Dialogue Partners that will help.

00:30One of them is China, which is also the biggest trading partner of ASEAN.

00:34In 2023, China and ASEAN countries will reach a value of more than 500 billion US dollars.

00:41In his opening statement, Prime Minister Tsai Ing-Wen mentioned China's great contribution to the economy of the countries.

00:49In ASEAN, aside from being the biggest trading partner, it is also the third biggest source of foreign direct investments.

00:55A free trade agreement is expected to be signed in this area, which is far from being finalized in 2025.

01:03However, media access to these areas is limited and the details of the agreement have been waiting for months.

01:09Aside from discussing the economy and trade, one of the firming issues between China and ASEAN is the South China Sea

01:16and the Code of Conduct that has been discussed for more than three decades but has not yet been finalized.

01:22But it is expected that it will continue to grow, especially since the Philippines is not the only one affected by China's involvement in the South China Sea.

01:30Meanwhile, last night, the President of the Sierra Public Company of Thailand,

01:35which is one of the largest manufacturers of fiber cement boards and concrete roof tiles in the world, helped.

01:40The company discussed the plan to build a fiber cement material plant in Mabalak and Pampanga,

01:45and this project is worth almost Php 3 billion.

01:49Currently, the ASEAN-South Korea Summit is taking place and there are also bilateral or one-on-one meetings scheduled by President Bongbong Marcos

01:59with leaders such as the new Prime Minister of Japan and also the leaders of New Zealand and Canada.

02:07This is the latest from Vientiane in Laos PDR. For GMA Integrated News, Ivan Mayrena, for Nagulang.

02:15Thank you very much Ivan Mayrena.

02:37Thank you very much Ivan Mayrena.

03:07Thank you very much Ivan Mayrena.

03:37Thank you very much Ivan Mayrena.

ASEAN-China Summit, sinimulan na | Balitanghali

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