In the chairman's statement of the ASEAN-China summit, both sides reaffirmed their "strong support for multilateralism and regionalism, and for the rules-based international order based on the principles of international law, mutual interests and mutual respect."
The progress made in RCEP negotiations also demonstrated the commitment of various countries to multilateral free trade, experts said.
"Multilateralism trade approach is swiftly replacing unilateralism and protectionism, which are enemies and even economic cancer of the global development," said Matthews of the BELTEI International University.
Established in 1967, ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
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