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Xinhua News Agency, Nanning, November 26. Title: Benefiting 11 Countries to Connect to a Wider Market-Observation on the 10th Anniversary of the Establishment of the China-ASEAN Free Trade Area
Xinhua News Agency reporters Pan Qiang, Zhu Lili, Zou Xuemian
In early winter, the southern country is full of greenery. Products from China, ASEAN, Japan, South Korea, Australia and other places have successively arrived at the Nanning International Convention and Exhibition Center, which will be unveiled at the 17th China-ASEAN Expo. On the 10th anniversary of the establishment of the China-ASEAN Free Trade Area, the economic and trade achievements have been striking.
Cancellation of tariffs on 7,000 products and zero tariffs on more than 90% of the products
More than 10 years ago, many people knew very little about specialty products from ASEAN countries, such as cat feces coffee from Indonesia, durian from Malaysia, and Thai mangosteen. Today, more and more ASEAN products enter China.
In January 2010, the China-ASEAN Free Trade Area was formally established. According to data from the Ministry of Commerce, tariffs on 7,000 products have been canceled under the China-ASEAN Free Trade Area, and more than 90% of the products have achieved zero tariffs. This not only benefits the general public, but also attracts many companies from Southeast Asia to visit China to explore the market and inject strong vitality into the regional economy.
Since 2015, Malaysian businessman Huang Guolong has participated in China-ASEAN Expo every year. The exhibition opened the door for him to develop and grow the company. Products are sold in many places in China, Vietnam, Thailand, Singapore and other countries. In recent years, the company’s sales business has expanded to the Internet, and consumers can purchase durian products on e-commerce platforms such as Tmall and JD.com.
“Since March of this year, we have exported 10 containers of goods, 500 boxes of durian products per container, and the factory’s production line is very busy.” Huang Guolong said that the Chinese consumer market is huge and the company continues to develop new durian products. 4 types have increased to 85 types at present. He hopes to have more international orders and continue to scale up the company.
In the past 10 years, the bilateral trade in goods and services has grown rapidly, and the industrial chain, supply chain and value chain have been deeply integrated. The free trade zone has benefited 1.9 billion people in the “golden decade”, injecting a powerful new boost into the world economy and becoming a model for regional economic integration.
Being the most important commercial partners of each one, achieving historical advances
In Dongxing City, Guangxi, across the river from Mong Cai, Vietnam, Wanzhong’s international wholesale market near the port attracts many businessmen, and products from ASEAN countries are continuously shipped to all parts of China through this. “Now online and offline sales are at the same time, with a maximum turnover of more than 400 dollars a day,” said Vietnamese businessman Fan Wenxiu.
In recent years, China has continuously expanded its openness to the outside world, promoted the construction of free trade zones, and built an economic and trade pattern that connects all parts of the world. Nanning International Railway Port is busy. The characteristic fruits, electronic products and daily necessities of ASEAN countries are assembled here via China-Vietnam train and then shipped to all parts of the country or Europe via Chongqing, while domestic glass and European, cotton yarn, electronic components, Once the diesel engine and other products are assembled here, they are shipped to Vietnam and other ASEAN countries via Pingxiang.
Nowadays, the port operations area of Qinzhou Central Railway Container Station is also busy. This central station that seamlessly connects sea, rail and road transport can carry out the transport of goods “upon disembarking and boarding the ship”
The construction of a new land-sea canal in the west continues to unleash the vitality of the Gulf of Beibu port, and the total volume of goods shipped to the world through the Gulf of Beibu port from western provinces such as Chongqing, Yunnan and Guizhou. has increased rapidly. In the first 10 months of this year, a total of 3,655 rail-sea intermodal trains were launched on the new western land-sea corridor, a 113% year-on-year increase.
As China’s port of entry to ASEAN, the Gulf of Beibu port has opened 28 foreign trade routes covering Southeast Asia, Northeast Asia, and some ports in South America and Africa. In the first 10 months of this year, the Gulf of Beibu port completed a cargo throughput of 222 million tons, a year-on-year increase of 19.6%; full container throughput 4.024 million TEU, a 35.1% year-on-year increase.
When the construction of the free trade zone began in 2002, the total trade volume between the two parties was only US $ 54.8 billion and reached US $ 481.81 billion in the first three quarters of this year. China and ASEAN made a historic breakthrough by becoming each other’s most important trading partners. An important “engine” for economic growth.
Want to “ride” RCEP “Dongfeng” to continue up
Accelerating the implementation of the free trade zone strategy is an important part of China’s new opening round. At present, the cascade and complementarity of industries undertaken by China and ASEAN are continually increasing. The digital economy, e-commerce, smart city, 5G and other fields are becoming new growth points for cooperation between the two sides.
After 8 years of negotiations, the Regional Comprehensive Economic Partnership (RCEP) Agreement (RCEP) was formally signed on November 15 and the world’s largest free trade zone was born, encompassing ASEAN, China, Japan, Korea and other economies. Once the agreement enters into force, more than 90% of the trade in goods in the region will achieve zero tariffs.
“The signing of the RCEP is a long-awaited event. It can open up a wider space for the regional economy, strengthen cooperation between economies such as China and ASEAN, accelerate the process of regional economic integration, and contribute to regional prosperity. Inject a strong push for stability and stability, ”said Verasa Songphon, Consul General of the Consulate General of Laos in Nanning.
Huang Yurong, Consul General of the Consulate General of Vietnam in Nanning, said that the signing of the RCEP will greatly promote the development of economic globalization and usher in a more positive era of economic and trade exchanges between ASEAN and China.
“The opening of the markets of 15 countries will bring with it a series of new changes and new cooperation.” Xu Ningning, executive director of the China-ASEAN Business Council, said the markets of China, Japan, South Korea, Australia, New Zealand and ASEAN need new integration. , In order to form a larger open market and enhance regional cooperation.
