RCEP Open Opportunities (Guiyang) Seminar was held to express the wishes of cooperation

China News Service, Beijing, January 20 (Reporter Wei Xi) 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 cooperation between Guiyang City and Gui’an New Area in the RCEP area.

The meeting was co-hosted by the China -ASEAN Business Council and the 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 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, making good use of the open and cooperative development mode of free trade agreements is an important choice for many countries. The number and quality of global free trade agreements have increased. It has become a strategic action for most countries to advocate free trade, expand mutual trade and investment, and support economic growth. The number of signed and implemented free trade agreements has increased from more than 20 in the early 1990s to nearly 500 in 2020. , The number of free trade agreements involving Asian economies accounts for more than half of the global total. The signing of RCEP has brought Asia-Pacific regional integration into a new stage of development, which will bring about RCEP regional economic growth and benefit the world economic growth.

Xu Ningning said that at present, most provinces and cities in China are integrating opening up, doing well in the “six stability” and implementing the “six guarantees”, implementing the “double circular” economic development, and integrating them with the new opportunities for trade and investment cooperation brought by RCEP. .

The Indonesian ambassador to China Zhou Haoli stated that the proposal to build RCEP was first proposed by Indonesia, the then rotating ASEAN chairmanship, in 2011. 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 Datuk Nusirwan said that RCEP encourages high-quality investment and encourages cooperation in knowledge-intensive industries, renewable energy, green economy, e-commerce and other fields. These are very promising developments. Cooperation space. Since 2016, China has been the largest source of investment in Malaysia’s manufacturing industry. Despite the challenges posed by the epidemic, the 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 Japanese Economic Association, stated that 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 of the Communist Party of China, said that Guiyang City and Gui’an New Area have four expectations: First, they look forward to strengthening trade cooperation with member states. RCEP member countries are the largest foreign trade partners of Guiyang. We look forward to working with RCEP member countries to jointly expand trade scale, upgrade trade level, and strengthen trade economy. The second is to look forward to strengthening cultural tourism cooperation with member states. The third is to look forward to strengthening digital economy cooperation with member states. As the “Data Valley of China”, Guiyang Gui’an has certain international comparative advantages in the development of big data. The fourth is to look forward to strengthening investment cooperation with member states.

The signing of RCEP is another major opening achievement after China’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%; imports increased by 2.2%. Among the RCEP members, the 10 ASEAN countries are China’s largest trading partners, and China’s trade with ASEAN has increased by 7%; Japan and South Korea are China’s fourth and fifth largest trading partners, and China’s trade with Japan and South Korea has increased by 1.2% respectively. And 0.7%.

 

 

Source: China – ASEAN Business Council