China News Service, Beijing, November 16 (Reporter Li Xiaoyu) The head of the International Department of the Ministry of Commerce of China stated on the 16th that China’s commitment to open service trade in the Regional Comprehensive Economic Partnership (RCEP) has reached the level of the existing free trade agreements. The highest level.
The person in charge stated that in terms of the level of openness, all 15 parties have made openness commitments higher than their respective "10+1" free trade agreements.
The number of service departments that China has promised to open is based on the approximately 100 departments promised by the WTO. 22 new departments have been added, including R&D, management consulting, manufacturing-related services, and air transportation. 37 The level of commitment of each department.
He introduced that the financial services annex introduced for the first time new financial services, self-regulatory organizations, financial information transfer and processing and other rules, and made high-level commitments on financial regulatory transparency, representing the highest level of commitment to opening up China's financial sector.
These rules have created a more fair, open, stable and transparent competitive environment for all financial service providers on the premise of preserving regulatory space to maintain the stability of the financial system and prevent financial risks.
The person in charge stated that RCEP will promote China's various industries to participate more fully in market competition and enhance the ability to allocate resources in both international and domestic markets.
This will help China drive domestic innovation, promote reforms, and promote development by expanding opening up, continuously achieving industrial transformation and upgrading, and consolidating China's position in the regional industrial chain supply chain.
In recent years, China has paid more and more attention to the opening up of service trade.
Officials have stated on many occasions that they will advance the comprehensive deepening of the pilot service trade innovation development, formulate a cross-border service trade negative list, and promote the institutional opening of service trade rules, regulations, management, and standards.
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