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Original title: How does RCEP affect all parties? Can Hong Kong join? Ministry of Commerce response
The Ministry of Commerce carried out a routine on the 19thPress conference.In relation to the “Regional Agreement of Integral Economic Association” (RCEP), the Ministry of Commercenews spokespersonGao Feng responded to hot topics like the China-Japan-Korea Free Trade Agreement and whether Hong Kong can join.
Once the RCEP is signed,Central EuropeinvestmentHow is the agreement progressing?
Some journalists mentioned that after the signing of the RCEP, the EU-China Chamber of Commerce recently expressed its expectation that China and the EU will sign an investment agreement as soon as possible, and that the negotiation of the China-EU Free Trade Agreement will be will be included in the bilateral agenda as soon as possible. Gao Feng responded to this: the two sides are accelerating the negotiation process through continuous and intensive negotiations in accordance with the consensus that the leaders confirmed to complete the negotiations within a year, and have achieved positive results. This week, China and the EU hold the 34th round of negotiations. This is the ninth round held this year.Formal negotiation. The two sides focused on the remaining issues and continued in-depth consultations, which are expected to make positive progress.
Gao Feng said that negotiating a free trade agreement is conducive to further deepening the bilateral economic and trade cooperation between China and the EU. In the context of increasing downward pressure on the world economy, it will help promote world trade.Investment liberalizationFacilitation is of great importance to promote the sustainable development of the world economy, China is willing to maintaincommunicationOn the basis of reaching a China-EU investment agreement, endeavor to start the China-EU Free Trade Agreement process as soon as possible.
How does RCEP affect all parties? Can Hong Kong join?
Regarding “After the signing of the RCEP, ChinaProductGao Feng responded by saying that the RCEP agreement is a regional free trade agreement reached by 15 members, and all parties have made systematic arrangements on issues such as tariff reductions in merchandise trade. Once the RCEP agreement enters into force, China will work together with all members to implement and implement the relevant provisions of the agreement.
Gao Feng mentioned that the signing of the RCEP will speed up the process of economic integration in East Asia. Members will be deeply embedded in the Asia-Pacific region. The scale of regional trade is expected to expand further and demand to become even more loose. Together, each member will reduce tariffs on approximately 90% of tariff items, thus stimulating the growth potential of trade and investment among the countries of the region.
Regarding the China-Japan-Korea Free Trade Area negotiations, Gao Feng mentioned that the negotiations began in November 2012 and that so far 16 rounds have been carried out. Tripartite trade in goods,ServiceDeep trade, investment and regulatory issuesto exchangeUpopinion, Made positive progress. The signing of RCEP has created good conditions to accelerate the negotiation of the China-Japan-Korea Free Trade Agreement. China is willing to work with Japan and South Korea to actively overcome the impact of the epidemic, make the most of existing resources, hold consultations and exchanges through videoconferences, conference calls, etc., accelerate the negotiation of the China-Japan-Korea Free Trade Agreement, and strive to achieve substantial results as soon as possible. To keep improvingmarketThe level of access and regulations will create a free trade agreement “RCEP +”.
So what impact will the signing of RCEP have in China? Gao Feng further mentioned that RCEP will help China’s foreign trade andcompanyCreate a fair, transparent, stable and predictable political environment. RCEP members mutually implement tariff reduction, open market access, remove barriers affecting trade, simplify customs procedures, etc., which will further reduce trade in the RCEP regioncostThe promotion of trade facilitation plays a positive role in promoting the growth of trade and investment in the countries of the region.
Gao Feng said that for China, it is conducive to promoting import diversification, stimulating import potential, optimizing the import structure, and expanding the import of advanced technology, equipment and parts, as well as domestic resources in demand.Sexual quotientImports of goods; at the same time, it helps stabilize theTo export.In addition, RCEP is also conducive to enterprise design in the region, better allocation of item resources in the region, and further enhanceindustrychain,supply chainResilience.
Gao Feng also said that the signing of the RCEP will add new impetus to promoting regional development and prosperity, and bring new power to the recovery of the world economy.We actively support Hong Kong’s participation in international projects andRegional economic cooperation, Will support Hong Kong to join RCEP as soon as possible according to RCEP regulations on new members and Hong Kong’s actual development needs.
In terms of supportive policies, Gao Feng said that for companies, the RCEP agreement itself is a preferential policy. The Ministry of Commerce will complete the approval process for the entry into force of the RCEP with the relevant departments as soon as possible, and will work with all parties to the agreement to promote that the agreement enters into force as soon as possible. At the same time, the Ministry Commerce will further strengthen the publicity and interpretation of the RCEP agreementInternal companyBetter understanding of the RCEP agreement, more efficient use of the relevant preferential terms of the agreement, so that the agreement better benefits Chinese businesses and consumers.
Also, regarding whether China will join the CPTPP (Comprehensive and Progressive TransitionThe Pacific OceanAssociation agreement), Gao Feng said that China is actively openattitudeChina advocates the establishment of an open, transparent, mutually beneficial and win-win regional free trade agreement. For any regional free trade agreement, as long as it conforms to the principles of the WTO, it is open, inclusive and transparent, which favors the promotion of economic globalization andRegional economic integration, China is welcome. China will increase its institutional openness and hopes that all parties can uphold the concept of a community with a shared future for humanity, work together to promote trade and investment liberalization and facilitation, and achieve mutual benefit, the results of mutual benefit and common development.
(Source: Sino-Singapore Jingwei)
(Editor in charge: DF537)
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