Also in this fourth edition of the Shanghai Import Fair, Chinese President Xi Jinping in his opening speech relaunches multilateralism but, this time, he is willing to put on the plate the treatment reserved for state-owned companies in Beijing in order to advance in the negotiations to enter in the free trade treaty CPTPP.
Agreement with the US in crisis
In video link with CIIE, China International Import Expo, the import-export fair that opens its doors in Shanghai, Xi Jinping is open to significant concessions, promising to focus more on imports and to promote balanced commercial development.
Of course, the future of the so-called “phase one” trade agreement with the United States, which expires in December, is shrouded in maximum uncertainty, despite the fact that contacts between the two delegations led by Katherine Tai and Liu He have resumed.
“China will take an active and open attitude in negotiations on issues such as the digital economy, trade and the environment, industrial subsidies and state-owned enterprises,” this is the position of Xi Jinping.
The goal of the new agreement
The Chinese goal, once again, is to support the position of the multilateral trading regime as the main channel for the definition of international rules and to safeguard the stability of global industrial and supply chains.