RCEP brings new hope to the global economy and will forcefully promote regional economic cooperation

People’s Daily, January 20 (Reporter Li Xinyi) On January 20, the RCEP Open Opportunity (Guiyang) seminar was held. Representatives of ASEAN countries, China, Japan, South Korea, Australia, and New Zealand discussed the “Regional Comprehensive Economic Partnership Agreement” ( RCEP) construction suggestions and suggestions, and expressed a positive desire for the industrial docking and cooperation between Guiyang City and Gui’an New District in the RCEP area. The meeting was co-sponsored by the China-ASEAN Business Council and Guiyang Municipal People’s Government.

Zhao Deming, member of the Standing Committee of the Guizhou Provincial Party Committee and Secretary of the Guiyang Municipal Party Committee, said in his speech that RCEP brings new hope to the global economy facing many difficulties, and will forcefully promote regional economic cooperation, overcome the epidemic crisis, and promote the sustainable economic and social development of member countries. In this regard, we are full of confidence and will take the RCEP signing as an opportunity to promote Guiyang City and Gui’an New District to accelerate high-level opening up from a higher starting point, and deepen development docking, communication and exchanges, industrial complementarity and trade exchanges with all relevant parties. Accelerate the promotion of interconnection and mutual advancement among all parties in terms of commodities, capital, technology, and personnel, so as to better share development opportunities and dividends.

Xu Ningning, executive director of the   China -ASEAN Business Council, said in his speech that in economic globalization, it is an important choice for many countries to make good use of the open and cooperative development mode of free trade agreements. The signing of RCEP brings the integration of the Asia-Pacific region into a new stage of development, which will bring about RCEP regional economic growth, which is conducive to world economic growth.

Xu Ningning mentioned that the CPC Central Committee’s “Recommendations on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and Long-Term Goals for 2035” put forward: “Implement the strategy of upgrading the free trade zone and build a high standard of freedom for the world. Trade zone network. “Many provinces and municipalities in China have also made clear that they are in the Fourteenth Five-Year Plan for the National Economic and Social Development of the Province and the Proposals for the 2035 Long-Term Goals, and at the Economic Work Conference of the Provincial (City) Committee It is required to “seize on the new opportunities brought by RCEP”. Guiyang City and RCEP member countries are highly complementary in industries and have broad prospects for economic and trade cooperation. Gui’an New Area is full of vitality and potential for development. It is recommended that industrial and commercial enterprises of RCEP member countries take advantage of the favorable conditions of mutually opening up markets to develop new business opportunities and share cooperation dividends .

In his speech, Indonesian Ambassador to China Zhou Haoli said that the signing of RCEP sends a signal to the world and companies that countries in the region are deepening and expanding economic cooperation. RCEP is expected to play an important role in promoting economic and trade relations between member countries and between Indonesia and China. Guizhou Province has great potential for economic development. It is hoped that the cooperation between Indonesia and Guizhou Province in agriculture, mining, and service industries will be strengthened in the implementation of RCEP.

Malaysian Ambassador to China Raja Nusirwan said in his speech that the signing of RCEP has made the economies of the member countries more integrated, and also brought new cooperation space and hope for development. RCEP encourages high-quality investment and encourages cooperation in knowledge-intensive industries, renewable energy, green economy, e-commerce and other fields. These are all potential development cooperation spaces. Since 2016, China has been the largest source of investment in Malaysia’s manufacturing industry. Despite the challenges posed by the epidemic, bilateral trade between Malaysia and China has grown against the trend. Malaysia is very willing to strengthen cooperation with China and its Guizhou Province, especially through RCEP and the “Belt and Road” cooperation.

In his speech, Lu Kejian, former director of the Asian Department of the Ministry of Commerce and vice president of the National Economic Association of Japan, said that within the RCEP framework, China and Japan have reached a bilateral tariff reduction arrangement for the first time, achieving a historic breakthrough. According to the RCEP agreement, the proportion of China’s final tariff-free products from Japan will rise from 8% to 86%, and Japan’s tariff-free percentage of Chinese products will also reach 86%. After the RCEP takes effect, Japan will gradually reduce tariffs on more than 50% of agricultural products exported to China. As the second and third largest economies in the world, China and Japan have mutually reduced tariffs on a large number of commodities, which will deepen economic and trade cooperation between the two countries. Guizhou and Japan are highly complementary in economy and trade and can deepen exchanges and cooperation in traditional Chinese medicine, sustainable development, big data, and manufacturing.

Sun Zhiming, member of the Standing Committee of the Guiyang Municipal Party Committee and Deputy Mayor, stated in the keynote speech that this meeting created a rare opportunity for the exchanges and cooperation between Guiyang City, Gui’an New District and RCEP member states. Guiyang City and Gui’an New District have four expectations: they look forward to strengthening trade cooperation, cultural tourism cooperation, digital economic cooperation and investment cooperation with member states. At the same time, we are also willing to actively expand pragmatic cooperation in education, health, sports and other fields with RCEP member states, actively carry out international cooperation in the fight against the new crown pneumonia epidemic, and strive to make greater contributions to the construction of RCEP.

Attending the meeting were the Commercial Counselor of the Japanese Embassy in China Fu Yonghe, the Commercial Counselor of the Lao Embassy in China Kuan Zan, the chairman of the Myanmar Chamber of Commerce and Industry Zuo Minwen, the executive vice chairman of the Indonesian Chinese Chamber of Commerce and Industry Zhang Jinxiong, and the chairman of the Australia -ASEAN Business Council Reno Mac, Chief Representative Zheng Yi of the Beijing Representative Office of the Korean Chamber of Commerce and Industry, Lin Boming, Vice Chairman of the Brunei Chamber of Commerce and Industry, and other representatives of various countries in their speeches fully affirmed the great significance of RCEP construction, optimistic about the cooperation and development opportunities, and expressed that they will cooperate with China -The ASEAN Business Council actively cooperates to develop opportunities in Guiyang City and Gui’an New Area.

Liu Xin, executive secretary of the   China -ASEAN Business Council, said that the China-ASEAN Business Council and relevant parties in Guizhou Province plan to jointly hold the “International Trade Land-Sea New Channel Industrial Cooperation (Guiyang) Seminar” and “China-ASEAN Traditional Chinese Medicine Industry Cooperation” (Guiyang) Seminar, “China-ASEAN Food Industry Cooperation (Guiyang) Conference”, and “China-ASEAN Logistics Cooperation (Guiyang) Conference”.

The signing of RCEP is another major opening achievement after my country’s accession to the WTO. RCEP is expected to take effect at the end of this year. In 2020, China’s trade with 14 other RCEP member countries accounted for 31.7% of China’s total trade value; China’s trade with other 14 RCEP member countries increased by 3.5%, of which exports increased by 5% and imports increased by 2.2%.



Source: China – ASEAN Business Council