(Economic Watch) How RCEP Regional Enterprises Grab Dividends from Economic Integration

　　China News Service, Nanning, January 9 (Huang Lingyan) The Regional Comprehensive Economic Partnership (RCEP) came into effect at the beginning of the new year. With the establishment of this huge trade circle covering the Asia-Pacific region, raw materials, talents, capital, information, technology It is expected to achieve faster free flow and greatly promote investment and trade activities in the region.

At the RCEP Business Leaders Forum held in Guangxi a few days ago, the authoritative people at the meeting put forward their views on how enterprises can reorganize the supply chain and industrial chain and share a new wave of dividends in the regional economic integration.

　　Divided by industrial structure, the RCEP region includes manufacturing powerhouses such as Japan and South Korea, manufacturing powerhouses such as China, exporting countries such as Australia and New Zealand, and countries with labor-intensive industries such as Vietnam and Cambodia. relation.

　　Feng Baiwen, president of the Australian Chamber of Commerce in China, pointed out that in terms of trade in goods, the RCEP cumulative origin rules can help member companies obtain raw materials from the most cost-effective places, and will help high-income member companies to transfer some of their production to relatively low-cost low place.

The terms of trade facilitation will significantly improve the efficiency of import, export and logistics, and most companies, especially export-oriented companies, will benefit from it.

　　Junichiro Nakazuka, vice chairman of the Japan Chamber of Commerce in China and general representative of Mitsubishi Corporation (China) Co., Ltd. in China, believes that the rule system in the RCEP region has further changed, and more Chinese companies are expected to go overseas to Southeast Asia.

Japanese companies that have long been rooted in Chinese investment, production and sales have built a cooperation model with Chinese partners that integrates the parts industry chain.

By effectively integrating the flexible business models and digital trends of Chinese companies, the advantages of Japanese companies in stabilizing supply chains, and the local advantages of Southeast Asian companies, it is very likely to achieve a win-win situation for all parties.

　　For example, SAIC-GM-Wuling's investment in Indonesia has achieved great success, and they have expressed their willingness to cooperate with Japanese companies in the supply chain.

The possibility of future cooperation between Chinese, Japanese and ASEAN companies is very high.

　　RCEP has also made a greater commitment to opening up in service trade, involving more than 100 sectors, and investment in service trade will present more opportunities for mutual benefit and win-win results.

　　Feng Baiwen said that Australia, New Zealand, Singapore and other countries are in the leading position in the service field, and the multinational service trade enterprises in these countries will benefit from it first.

The Australian government believes that RCEP has created new opportunities for its investment in the fields of finance, banking, healthcare, pension, education, construction, engineering, and urban planning services.

　　The trade diversion effect brought about by the RCEP investment liberalization and facilitation has stimulated the port and shipping service industry.

Ma Zhengguo, deputy general manager of Guangxi Beibu Gulf International Port Group Co., Ltd., introduced that Beibu Gulf Port is backed by southwest China and faces ASEAN. The main source of goods is RCEP countries.

The port intends to invest more than 60 billion yuan to improve the port and shipping infrastructure, and intensify the transit routes in the RCEP region, especially from ASEAN to Japan and South Korea.

　　In the financial industry, AmBank Chairman Hashim said that compared with the more mature markets in the RCEP region, the coverage of banking institutions among ASEAN countries is very uneven, and the same gap exists in payment, lending, insurance and other fields. , which means great market potential and can help the development of relevant ASEAN small, medium and micro enterprises to fill the funding gap.

　　The e-commerce chapter of RCEP promotes the consistency of regional e-commerce policies and stipulates rules such as cross-border information transmission and network security, which will have an important impact on accelerating the development of the digital economy of each member state in the future and promoting their trade and investment growth.

　　Hashem said that RCEP member countries are diverse, including high-income economies, mature investment groups, and middle- and lower-income economies.

In order to address the digital divide between developing and developed countries, member states have the opportunity to carry out international cooperation to build the required digital infrastructure such as 5G with innovative solutions, and promote the establishment of a digital ecosystem including a financial security network. .

　　Li Yu, Co-President of China-ASEAN Information Port Co., Ltd., also believes that new technologies, new formats and new ecology will jointly provide better opportunities for international cooperation under the RCEP framework.

The intermediary or platform enterprises represented by digital services have deepened their extension in the industrial chain.

　　He introduced that China-ASEAN Information Port has exclusively won the bid for the Indonesian Telecom IPTV project, which has gathered more than a dozen manufacturers to form a huge solution team, and has provided services for 27,000 Muslim schools.

In the post-epidemic era, the use of digital services to form ecological alliances is a major trend.

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