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ASEAN and China have taken a significant step towards strengthening their economic ties with the signing of the ACFTA 3.0 Upgrade Protocol. This upgraded free trade deal modernizes the trade framework between the regional bloc and its largest partner, China. The agreement, witnessed by key leaders, adds crucial guidance on competition, consumer protection, digital and green economies, supply chain connectivity, and support for micro, small, and medium-sized enterprises. With a history of continuous upgrades since its launch in 2010, the ACFTA has transformed into the world's largest free trade zone among developing countries. Trade between China and ASEAN has reached new heights, with a record-breaking $694 billion in the first eight months of 2025, showcasing a 9.7% year-on-year increase. Stay tuned to learn more about the key provisions of this upgraded trade deal and its potential impact on the region's economic landscape.