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Original Caption: China Will Rush To Implement RCEP On Time Schedule And Further Promote High-Level Institutional Openness
Every time reporter Zhang Huaishui
The executive meeting of the State Council held on November 18 requested the implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) according to the schedule.
The meeting noted that the regional comprehensive economic partnership agreement signed a few days ago reflects the common will of the countries of the Asia-Pacific region to safeguard multilateralism and free trade. Relevant departments should accelerate implementation according to the schedule set by the agreement, intensify reforms and do a good job on domestic work to promote the implementation of the agreement.
In view of the fact that the RCEP agreement has been signed, RCEP members will conduct their own national legal approval procedures to promote early implementation of the agreement.
Gradually eliminate the tariff barriers of the contracting parties
After reviewing the original text of the RCEP agreement, a reporter from the “Daily Business News” found that in the initial clauses and general definitions of Chapter 1, the agreement stated that the aim of the agreement is to establish a modern, comprehensive economic partnership framework. , high quality and mutually beneficial. Promote the expansion of regional trade and investment and promote world economic growth and development, taking into account the stage of development and the economic needs of contracting parties, especially the least developed countries.
The agreement indicates that through the gradual elimination of tariff and non-tariff barriers in practically all trade in goods between the contracting parties, the liberalization and facilitation of the trade in goods between the contracting parties will be carried out gradually; services covering many service sectors will be gradually implemented between contracting parties.
On November 15, the RCEP was officially signed. The Commerce Ministry issued a document that says: “This marks the official start of the free trade zone with the largest population, the largest economic and commercial scale and the greatest potential for development in the world.”
With the implementation of the RCEP, the zero-tariff policy of members of the region has attracted more attention.
When interpreting the RCEP agreement, the head of the International Department of the Ministry of Commerce pointed out that in terms of merchandise trade, the parties adopt a paired bilateral bidding method to achieve the liberalization of merchandise trade. Once the agreement comes into effect, more than 90% of the region’s merchandise trade will ultimately be zero tariffs will be achieved, and it will be mainly reduced to zero immediately and zero in 10 years, so it is expected that the RCEP Free Zone fulfills all its commitments to liberalize the trade of goods in a relatively short time.
Li Chunding, a professor at the School of Economics and Management of China Agricultural University, believes that affected by the signing of the RCEP agreement,Agricultural productsConsumption, the value of agricultural production, agricultural employment, agricultural exports and imports will all benefit. For example, he said, agricultural exports are expected to increase by 0.996% and agricultural imports are expected to increase by 1.027%. “It can be seen that the signing and implementation of RCEP will bring more space and opportunities for the development of China’s agriculture.”
Promote high-level institutional openness
The executive meeting of the Council of State indicated that it is necessary to further promote high-level institutional openness. The construction of the world’s largest free trade zone favors the stabilization of the industrial chain supply chain and benefits the people of the relevant countries.
On November 18, Prime Minister Li Keqiang wrote an article in the People’s Daily on guidelines for economic and social development during the 14th Five-Year Plan period, noting that China’s economy has been deeply integrated into the world economy. Means.
We emphasize that to build a new development pattern with the domestic cycle as the main body and the national and international dual cycles mutually promoting each other, we must not only carry out closed-door operations, but not only firmly implement the strategy of expansion of domestic demand. , but also make greater efforts to expand externally. The opening will generate new advantages in international cooperation and competition, ”said the article.
Chi Fulin, dean of China Reform and Development Research Institute (Hainan), said that in order to implement a high-level opening up to the outside world, it is necessary to fully stimulate the vitality of the market, identify key points and achieve significant breakthroughs in opening up institutional and institutional reforms. During the period of the “XIV Five-Year Plan”, the construction of a new high-level open economic system requires a great advance in institutional openness and institutional reforms in the service industry.
“On the one hand, it is necessary to promote rules, regulations, management and standards in the field of trade in services so that they are more in line with international standards. For example, lead the introduction of international standards for advanced management in service industries. with greater social needs, such as health and medical education. On the other hand. “It is necessary to substantially promote the process of opening the market of the service industry to the interior and abroad, and break all kinds of administrative and market monopolies in the service industry as soon as possible, “said Chi Fulin.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said in an interview with the “Daily Economic News” reporter that RCEP, based on perfect opening rules and a unified platform, has laid a good foundation for the high-level opening of members in the region. In addition, the signing of the RCEP will help advance the negotiation of the China-Japan-Korea Free Trade Area, speed up the implementation of the China-EU investment agreement negotiations, and begin the negotiation of the China-EU Free Trade Agreement. sooner rather than later, which will help improve China’s right to speak in global economic and trade rule-making. .
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Editor in charge: Deng Jian
