30 measures to promote RCEP dividend

2022-01-27

On January 26, the reporter of economic information daily learned at the special press conference of the Ministry of commerce that recently, with the approval of the State Council, the Ministry of Commerce, together with the national development and Reform Commission and other six departments, jointly issued the guiding opinions on the high-quality implementation of the regional comprehensive economic partnership agreement (RCEP) (hereinafter referred to as the Guiding Opinions). The guiding opinions put forward 30 measures from various key tasks, such as promoting the high-quality development of trade and investment, promoting the upgrading of manufacturing industry, improving financial support and supporting policy system, to guide and serve the majority of enterprises to be familiar with RCEP preferential tariff commitments and rules in various fields, and effectively enjoy RCEP dividends. Relevant departments also made it clear that they would take this opportunity to enhance the core competitiveness of the manufacturing industry and guide the central and western regions to form new comparative advantages. Yu Benlin, director of the International Department of the Ministry of Commerce, introduced that the guiding opinions put forward a number of key tasks around RCEP's opening commitments and rules in the fields of trade in goods, trade in services, investment, rules of origin, trade facilitation, intellectual property rights and e-commerce, with comprehensive contents, clear tasks and strong pertinence, pointing out the direction for the high-quality implementation of agreements by all departments and localities. In order to promote the implementation and effectiveness of the guiding opinions, relevant departments are accelerating the deployment. Luo Junjie, director of the operation monitoring and Coordination Bureau of the Ministry of industry and information technology, said that the effective implementation of RCEP will become an important opportunity for China's manufacturing industry to move towards medium and high-end, but relevant industries and enterprises will also face higher standards, stricter rules and stronger competition from RCEP. Next, the Ministry of industry and information technology will, in accordance with the requirements of the guiding opinions, give full play to the comprehensive effect of RCEP, make full use of the advantages of China's complete industrial categories and strong comprehensive supporting capacity, accelerate the transformation and upgrading of traditional industries and cultivate and develop emerging industries. At the same time, we will guide industries and enterprises to accelerate the pace of transformation and upgrading, enhance their ability to prevent risks in the international market, and make preparations for challenges. The guidance also proposes to help the central and western regions improve their ability to participate in international market competition. Li Chao, deputy director of the economic and Trade Department of the national development and Reform Commission, said that the entry into force and implementation of RCEP has both opportunities and challenges for the central and western regions. "On the one hand, RCEP brings a broader market with a higher degree of integration, and the regional advantages of the central and western regions in inland opening and opening to the West are more significant. The export of some advantageous products will further increase and enhance the attraction to foreign investment; on the other hand, the cost of ASEAN labor and other factors is low, and the central and western regions will also face certain competition to undertake industrial transfer." Li Chao said that in the next step, the national development and Reform Commission will focus on the following actions to actively support the central and western regions to better seize RCEP opportunities and achieve high-quality development. First, optimize the business environment. We will encourage and support the central and western regions to continue to deepen market-oriented reform, promote the construction of the rule of law, improve the level of facilitation, and create a stable, fair, transparent and predictable business environment. Second, smooth trade channels. The one belt, one road, high quality development will be promoted and the interconnection with ASEAN and other infrastructures will be further promoted. Third, optimize the layout of the industrial chain. Guide the central and western regions to form new comparative advantages and orderly promote the transfer of high-quality industries to the central and western regions. (outlook new era)

Edit:Ming Wu    Responsible editor:Haoxuan Qi

Source:jjckb.cn

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