Original Title: Countdown to the Effectiveness of RCEP, Enterprises Seizing RCEP Opportunities, Conference Hosting Source: Chinanews.com
The “Business Seizing RCEP Opportunity Conference” hosted by the China-ASEAN Business Council and the RCEP Industry Cooperation Committee was held in video mode a few days ago. Xu Ningning, executive chairman of the China-ASEAN Business Council and chairman of the RCEP Industrial Cooperation Committee, emphasized in his speech that enterprises should master and implement free trade agreement business strategies in foreign operations.
Xu Ningning mentioned that the open and cooperative development method of free trade agreements (FTA) is an important choice for many countries. The increase in the number and quality of global FTA has become the most important factor for most countries to expand the scale of mutual trade and investment and support economic growth. Strategic action. The first FTA signed between China and a foreign country was the China-ASEAN Free Trade Agreement. The agreement was signed in 2002 and the China-ASEAN Free Trade Area was established in 2010. Today, China and ASEAN are each other’s largest trading partners.
Xu Ningning pointed out that China is implementing the strategy of upgrading the free trade zone, speeding up the construction of the free trade zone, and building a high-standard free trade zone network facing the world. At present, China has signed 19 FTAs with 26 countries and regions, and free trade partners account for 35% of China’s foreign trade. Last year, nearly 70% of my country’s foreign investment was to partner countries of free trade agreements, and 84% of foreign investment attracted came from partner countries of free trade agreements. The 30th Anniversary Summit of the China-ASEAN Dialogue Relations held in November this year proposed to start the construction of version 3.0 of the China-ASEAN Free Trade Area. The China-Cambodia Free Trade Agreement will come into effect on January 1, 2022.
Xu Ningning emphasized that mastering and making good use of free trade agreements is an important way for enterprises to cooperate and compete with foreign countries. The implementation of free trade agreements has brought opportunities and challenges to enterprises. Enterprises should increase their awareness of free trade agreements, implement free trade agreement business strategies, master free trade agreement rules as soon as possible, make good use of free trade agreement policies and open market convenience, innovate and develop operations, and promote foreign trade in goods, service trade, and investment cooperation. developing.
The “Regional Comprehensive Economic Partnership Agreement” (RCEP) has entered the countdown to the entry into force. The free trade agreement signed by the ten ASEAN countries and China, Japan, South Korea, Australia, and New Zealand-RCEP will build the world‘s largest free trade area. In the first three quarters of this year, China’s trade with RCEP trading partners increased by 19.3%. In this regard, Xu Ningning said that the China-ASEAN Business Council and the RCEP Industry Cooperation Committee will actively support and cooperate with all relevant parties to help enterprises take action in seizing the opportunities of RCEP.
It is reported that this conference set up branch venues in many provinces and cities to organize entrepreneurs to participate in the conference. Many business leaders from China and ASEAN spoke at the conference.