Ministry of Commerce: RCEP will take effect next week and will issue high-quality implementation guidance

2021-12-27

"The world's largest free trade agreement RCEP (regional comprehensive economic partnership agreement) will officially enter into force at the end of next week. The Ministry of Commerce will issue guidance on the high-quality implementation of RCEP with relevant departments, and strive to help enterprises understand and make good use of this very important agreement." On December 25, Vice Minister of Commerce Wang Shouwen said in a video speech at the theme event of the 30th anniversary of China's accession to APEC and the opening ceremony of the 2021 APEC Business Leaders' China Forum. Wang Shouwen also said that this year, China will continue to reduce the negative list of foreign investment access, expand foreign investment market access, strengthen investment promotion and protection, and take practical actions to deepen domestic reform and expand high-level opening to the outside world, achieve self height and quality development, and make more contributions to world economic growth. Wang Shouwen also introduced that APEC is the first regional economic cooperation organization China has participated in since the reform and opening up, and it is also an important milestone for China's in-depth participation in economic globalization. Over the past 30 years, China has been continuously integrated into the industrial chain and supply chain of the Asia Pacific and the world, and has made extensive economic and trade partners. "China is striving to build a new development pattern. China has made every effort to stabilize its foreign trade, expanded imports through a series of measures such as holding the China International Import Expo, and shared market opportunities with members of the world and the Asia Pacific. In the year of joining APEC, China's average tariff has dropped from 39.5% to about 7.4% today." Wang Shouwen said that at present, the trade volume between China and its existing free trade partners has reached 34% of the total foreign trade volume. In the first 10 months of this year, China's trade with free trade partners grew by 23%, 1.5 percentage points higher than that between China and non free trade partners. Wang Shouwen stressed that the business community is the most dynamic positive factor in the Asia Pacific economy. With an open pattern and tenacious entrepreneurship, the Chinese business community should contribute China's strength to the regional economy's response to challenges and recovery, and become a new belt connecting China's economy and the world economy. Among them, in terms of seizing the development opportunities of digital economy, Chinese enterprises should make good use of their inherent advantages in digital technology, Internet application and broad market, accelerate the digital transformation of traditional industries, deeply participate in the Asia Pacific digital economy industrial chain and supply chain cooperation, seize the cooperation opportunities and tap the cooperation potential in the global digital process. Gao Yan, President of China Council for the promotion of international trade and China International Chamber of Commerce, said in her speech that the business community is not only the witness and beneficiary of China's rapid economic development, but also the participant and contributor to promoting economic globalization. We should continue to take a clear-cut stand in supporting the open world economy and the multilateral trading system, promote trade and investment liberalization and facilitation, maintain the security and stability of the Asia Pacific industrial chain and supply chain, and gather more multilateralism consensus through APEC and other platforms; We should comprehensively promote green transformation and be a contributor to inclusive and sustainable development; We should also vigorously promote innovative development and be an explorer of innovative growth. "Innovation is the first driving force leading development. To achieve high-quality development, we must achieve connotative growth driven by innovation." Gao Yan said that at present, a new round of scientific and technological revolution and industrial transformation are in the ascendant. The Asia Pacific region is not only a new growth pole of the world economy, but also the most active region in global innovation and creation. One belt, one road to the whole industry, is to take full advantage of the industrial resources, actively promote the construction of the "one belt and one road" with high quality, strengthen the construction of digital infrastructure, speed up the digital transformation, eliminate the digital divide, encourage the development and application of new technologies, and promote the cooperation in APEC digital innovation to go deeper, improve quality and increase efficiency, and continuously inject new impetus to the prosperity and development of the Asia Pacific region. (outlook new era)

Edit:Ming Wu    Responsible editor:Haoxuan Qi

Source:jjckb.cn

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