[Commentary] On December 30, the State Council Information Office held a regular briefing. Vice Minister of Commerce Ren Hongbin stated that RCEP will take effect on January 1, 2022. This is of great significance to China's development pattern and will greatly boost the epidemic. Confidence in economic recovery under the background.
[Concurrent] Ren Hongbin, Vice Minister of Commerce
On January 1, 2022, the day after tomorrow, RCEP will officially take effect.
The implementation of the agreement is a new milestone in my country's opening up to the outside world. It will provide strong support for the construction of a new development pattern and will become a link and bridge connecting my country to the domestic and international dual cycles.
The entry into force of the agreement will greatly boost confidence in economic recovery in the context of the epidemic, will effectively hedge the negative impact of the new crown pneumonia epidemic on the economy, boost trade and investment confidence, and inject new impetus into my country's economic growth.
[Explanation] Yu Benlin, Director of the Department of International Economic and Trade Relations of the Ministry of Commerce, said that RCEP is a powerful tool for stabilizing foreign trade and foreign investment. The entry into force of the agreement has brought multiple positive effects, which will further stabilize China’s foreign trade and foreign investment base and promote industrial upgrading. Stimulate market vitality.
[Concurrent] Yu Benlin, Director of the Department of International Economic and Trade Relations, Ministry of Commerce
First, RCEP is conducive to expanding the export of our superior products.
For the first time, China and Japan have reached a free trade arrangement. In particular, next year, my country’s exports of 57% of tariff lines to Japan will immediately achieve zero tariffs, which has a significant effect on trade promotion.
Second, the cumulative rules of origin greatly reduce the threshold for commodity enjoyment.
The export of upstream products such as textile raw materials, auto parts and electronic components will further increase.
The third is that RCEP will enhance the growth of mutual investment between my country and other member states.
[Explanation] Yu Mulin said that in order to support enterprises to make good use of the RCEP agreement, to continuously improve their ability to participate in international cooperation and competition, and to promote domestic industrial upgrading, the Ministry of Commerce will focus on the following tasks with relevant departments:
[Concurrent] Yu Benlin, Director of the Department of International Economic and Trade Relations, Ministry of Commerce
Promote the development of trade in goods, ensure that the preferential rules of origin are effective, implement the agreement's service trade opening commitments and investment negative list commitments, and ensure that all opening measures are implemented.
Encourage enterprises to connect with international technical standards and improve product quality.
Instruct local governments to make good use of agreements based on their own advantages, improve the business environment, seize market opportunities in different countries, promote foreign trade and attract investment, and implement agreements with high quality to promote high-quality local development.
Continue to increase training for enterprises, especially for small, medium and micro enterprises and the central and western regions.
Reporter Liu Xuanting reports from Beijing
Editor in charge: 【Luo Pan】