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Original title: Economic and trade growth against the trend, ASEAN overtakes the EU to become China’s largest trading partner
In the global outbreak of new corona pneumoniapopularIn the context ofinternational tradeHowever, economic and trade cooperation between China and ASEAN countries has grown against the trend.
Li Chenggang, Deputy Minister of the Ministry of Commerce of China, held at the Information Office of the State Council on September 27Press conferenceThe above said that from January to August this year, the total trade value between China and ASEAN reached 416.55 billion.American dollar，Year with yearAn increase of 3.8%, accounting for 14.6% of the total value of China’s foreign trade.
Until now, ASEAN has become China’s largest trading partner, forming a good pattern in which China and ASEAN are the most important trading partners with each other.StatisticsStatistics show that China has been ASEAN’s largest trading partner since 2009.
into acceptChinasocietyAsia Pacific and Global Academy of SciencesstrategyXu Liping, a researcher at the Institute and director of the Center for Southeast Asia Research, said that in the context of epidemic prevention and control, trade between China and ASEAN continues to grow. This is not a simple trade issue, but it indicates that there is a strong relationship between the two economies. Endogenous motivation has not blocked economic cooperation between the two parties due to the epidemic. Regarding the future, he said, “The economies of China and ASEAN are very complementary and the inherent growth potential remains very great.”
China-ASEAN trade
According to ChinacustomsAccording to statistics, ASEAN overtook the EU for the first time in the first quarter to become China’s largest trading partner.
From the perspective of external factors, ASEAN has become China’s largest trading partner. Adequate control of the epidemic is one aspect. In general, ASEAN countries are less affected by the epidemic than EU countries and the closure measures adopted have less impact on trade. On the other hand, the British “Brexit” is also a factor. In the statistics, since the end of January, the trade between China and the United Kingdom will no longer be included in the trade data with the EU.
After the epidemic slowed down, China and ASEAN countries such as Singapore, Laos, Myanmar and Indonesia established “fast channels” for people and “green channels” for goods, and resumed direct international flights with ASEAN countries. like Vietnam to promote trade recovery. Regional maintainedsupply chain、industryChain and financial stability.
From the perspective of internal factors, China and the ASEAN countries are highly complementary, close to each other and logisticscostLow, enhance mutual benefit and win-win economic and business cooperation, there are reasons to believe that the two sides’ business prospects will be better.
Malaysia New AsiaStrategic researchXu Qingqi, chairman of the Central Committee of the Communist Party of China, said: “The supply chains of the ASEAN countries are closely integrated with China.Industrial chainThe process of integration of the value chain is a process of mutual benefit and beneficial results for all. The full resumption of China’s work and production is of great importance for ASEAN’s economic recovery and development. “
Among them, the electronics manufacturing industry links between China and ASEAN are more representative.import and exportActive trading,General Administration of CustomsLi Kuiwen, director of the Department of Statistics and Analysis, said in July that this industry contributed 3.2 percentage points to the growth of China-ASEAN trade in the first half of the year. This shows that the value chain trade between China and ASEAN is increasing rapidly.
In an interview with a China Business News reporter, Xu Liping said that in the future China and ASEAN will build a more stable supply chain and value chain system. He said that since the new corona pneumonia epidemic, the balance of power between East and West has deepened and has also had a major impact on globalization. After the epidemic, as unilateralism and trade protectionism continue to rise, China and ASEAN can take deep advantage of the potential for regional cooperation.
Taking Singapore, a major ASEAN economy as an example, in an interview with a China Business News reporter, Zhou Shixin, a research associate at the Asia-Pacific Research Center of the Shanghai Institute of International Studies, said that before As the international environment clears, it is necessary to strengthen deep cooperation with the major economies of the Asia-Pacific region. An important tool for Singapore’s recent economic recovery. Singapore will shift its economic focus to the regional economies represented by China, in the hope that the improved regional economic situation will provide it with more and better development opportunities.
Free trade accelerated
Li Chenggang also presented at the press conference that at present, all RCEP parties are actively promoting the revision of legal texts, etc.jobs, Actively preparing for the signing of the agreement within the year.
He said that China, as always, will support ASEAN’s central position in RCEP, complete the remaining technical preparations with all parties as soon as possible, and jointly promote the signing of this agreement as soon as possible.
ASEAN is the initiator and promoter of RCEP. To sign RCEP during the year,attitudeAlso quite positive.
On August 30, at the 52nd ASEAN Minister of EconomymeetingAfter the end, the ministers who participated in the meeting reiterated their determination to sign the agreement by the end of this year. ASEAN stated that RCEP will play an important role in promoting economic recovery and maintaining the stability of regional and global economic development.
Vietnam will hold the rotating presidency of ASEAN in 2020. Its Minister of Industry and Commerce, Chen Junying, stated that ASEAN agreed to prioritize the signing of the RCEP before the end of this year as planned. He also emphasized that the signing of the RCEP has always been one of the priorities of Vietnam’s international integration strategy.
The Indonesian Ministry of Commerce also recently revealed that RCEP completed the legal review of the agreement and entered the final stage of improvement. The ministry also stated that the agreement is expected to be signed in November this year without India.
As a major regional economy, Singapore’s attitude is also very important. In an interview with a reporter for China Business News, overseas Chinese in SingaporeBankGreater China StudiesSupervisorXie Dongming said that as far as he knows, the Singaporean government is also optimistic that an agreement can be reached as scheduled. In Xie Dongming’s view, during the special period of the new corona pneumonia epidemic, it is even more necessary to deepen regional cooperation, so Singapore will continue to promote the RCEP process as always.
For the regional economy in general, the ASEAN countries and ASEAN as a whole have bilateral free trade agreements with the other 5 member states. Once the RCEP is signed, it will not only simplify the current complicated economic and trade relations between member states, but also address them based on the RCEP. New topics to improve the degree of economic integration within the region and improve the overall competitiveness of the region.
At the same time, 2020 will followChina – ASEAN Free Trade Zone10th anniversary of total completion. Li Chenggang said that with the full effect of the China-ASEAN Free Trade Area Update Protocol last year, the economic integration between China and ASEAN countries has increased to a higher level in terms of scale and quality.
(Article source: China Business News)
(Editor in charge: DF537)
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