China, Brunei strengthen economic ties

The Brunei-Guangxi Economic Corridor (BGEC) Joint Cooperation Committee held its fourth meeting in Brunei on Sunday, aiming to enhance collaboration between China and the East ASEAN Growth Area (EAGA).

Haji Mohd Amin Liew, minister at the prime minister’s office and second minister of finance and economy of Brunei, emphasised the BGEC’s significant role in fostering a dynamic supply value chain within the region.

He highlighted Brunei’s commitment to diversifying its economy and welcomed quality foreign direct investment (FDI) from China in sectors such as food, downstream oil and gas, tourism, services, and ICT.

Liu Ning, secretary of the Guangxi Zhuang Autonomous Regional Committee of the Communist Party of China, underscored the achievements of the BGEC in the past decade. He expressed Guangxi’s aspiration to actively participate in sub-regional cooperation between China and the EAGA.

Nearly 100 representatives from the governmental and business sectors of Guangxi and Brunei attended the meeting, which also included a trade and investment promotion event.

Attribution: Xinhua

Subediting: M. S. Salama