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China-ASEAN Business Council

As one of the China-ASEAN dialogue and cooperation mechanisms as well as the business cooperation and dialogue mechanism for China and ASEAN representatives, China-ASEAN Business Council (CABC) is composed of China Council for the Promotion of International Trade(CCPIT)ASEAN Chamber of Commerce and Industry and leaders from ASEAN national chambers of commerce and industry and domestic well-known entrepreneurs and experts.

As neighboring countriesChina and ASEAN countries are highly complementary and have great cooperation potential since they have different resource advantages and industrial structures. The recent years have witnessed substantial growth in the trade between China and ASEAN countries. The two-way trade have seen great increase and there has been an increasing number of engineering contracting projects. China ranks 4th among ASEAN foreign trade and ASEAN ranks fifth among Chinese foreign trade. ASEAN has become an important source for China to attract foreign capital and at the same time, the first destination for Chinese enterprises to go abroad. Meanwhile, ASEAN represents a significant overseas contracting engineering market and labour market. At present, the business relation between China and ASEAN has entered into a golden age and China-ASEAN Free Trade Area has forged into a substantial operation stage. China and ASEAN countries have already opened up markets to each other, showcasing vibrant business opportunities.

The ASEAN cooperation partner of China-ASEAN Business Council(CABC) is ASEAN Chamber of Commerce and Industry, which is composed of ten most representative chambers of commerce, i.e., National Chamber of Commerce and Industry of Brunei Darussalam, Cambodia chamber of Commerce, Indonesia Chamber of Commerce, Lao National Chamber of Commerce, National Chamber of Commerce&Industry of Malaysiathe Union of Myanmar Federation of Chambers of Commerce and IndustryPhilippine Chamber of Commerce and Industry, Singgapore Business Federation, the Federation of Thai Industries and Vietnam Chamber Of Commerce Industry.

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