China News Agency, Beijing, May 9th: How can multinational companies share new opportunities for development four months after RCEP came into effect?
AuthorWu XuSu Jingxin
The Regional Comprehensive Economic Partnership (RCEP) came into effect on January 1, 2022, four months now.
The outside world continues to pay attention to the dividends released by RCEP to the Asia-Pacific region.
He Yizhou, managing director and CEO of Greater China of Australia Capital Investment Co., Ltd. ("Australian Capital"), said in an exclusive interview with a reporter from China News Agency that the official entry into force of RCEP will help promote the integrated development of the Asia-Pacific region and deepen multilateral economic and trade cooperation. At the same time, it will greatly boost global trade confidence and help optimize and upgrade the global industrial chain and supply chain.
Deepening Asia-Pacific multilateral economic and trade cooperation
RCEP currently has 15 member countries, including China, Japan, South Korea, Australia, New Zealand and 10 ASEAN countries.
"The original bilateral economic and trade relations between member countries are mainly based on the complementary advantages of resource endowments and market endowments." He Yizhou pointed out that this kind of relationship is better supplemented in the RCEP multilateral economic and trade system, which is conducive to the formation of more diversified and deeper economic and trade cooperation. relation.
He Yizhou believes that RCEP forces member states to speed up the transformation and upgrading of industries through the mechanism of the survival of the fittest in the market, and the main bodies of multinational enterprises can better achieve "going out" by taking advantage of their strengths and circumventing weaknesses in the process of economic and trade cooperation.
"The deep integration of RCEP itself contains huge business opportunities, and it also extends more new investment fields and cooperation opportunities, which naturally creates a new economic and trade environment." He gave an example, for example, it can focus on the new generation groups with common characteristics in the Asia-Pacific region, Creating new business formats and markets including service industry, education industry, game production and sports wear, etc., can also jointly promote large-scale projects and infrastructure construction around public health and safety in the Asia-Pacific region.
RCEP boosts global trade confidence
At present, factors such as the raging new crown epidemic and geopolitical emergencies have jointly exacerbated the uncertainty of the global economy.
Freight and economic and trade exchanges have been blocked, and industrial and supply chains have been damaged to varying degrees; at the same time, affected by the dual pressures of weak economic growth and rising raw material prices, global monetary policy has tended to tighten, and trade protectionism has also risen.
In this regard, He Yizhou pointed out that some anti-globalization practices will eventually lead to an increase in the cost of the world economy, a decline in the overall global economic efficiency, and the normal operation and profits of multinational companies are also greatly affected.
"In this context, the official entry into force of RCEP is of great significance for building the Asia-Pacific business circle and the big Asian market, and it also makes important contributions to an open world economy and economic globalization." He Yizhou pointed out that the core value of RCEP is to accelerate regional economic integration, Deepen economic and trade cooperation.
From the original point of view, it will help to promote the best and maximum utilization of the limited resources of the earth, and it will also help to optimize and upgrade the global industrial chain and supply chain. Confidence in cooperation and mutual benefit.
"For managers of multinational companies, how to grasp the policy dividends created by RCEP and deeply understand the new connotation of regional economic integration and development given by RCEP has become a very important issue." He Yizhou said that at present, the international situation presents opportunities and challenges. Coexistence, as the head of a multinational enterprise, on the one hand, we must uphold confidence, and the more passive the environment, the more we must firmly support an open world economy and economic globalization; on the other hand, we must flexibly adjust investment strategies and choose more vigorous , areas and directions that are in line with the interests of the people of the world and help promote the common progress of mankind.
The Asia-Pacific region has huge market potential
With the continuous improvement of the degree of openness and the continuous deepening of regional integration, the economic vitality of the Asia-Pacific region has become better and faster in recent years, and its development has become faster and faster.
The prosperity and development of the Asia-Pacific region itself is not only an important contribution to the world economy, but also an important engine of global development.
"Asia has more than 60% of the world's population, and Asia's economic aggregate accounts for nearly half of the world's economic aggregate. It should be said that Asia is a very important and potentially most potential market in the world." He Yizhou pointed out that it is very important for the RCEP to come into effect. It is a milestone that will help promote the integrated development of the Asia-Pacific region and deepen multilateral economic and trade cooperation.
"It is foreseeable that the total trade volume and economic volume of the Asia-Pacific region will continue to increase, and investment cooperation and innovation breakthroughs in various fields will also become more frequent."
Talking about China's current business environment and market potential, He Yizhou said that he is optimistic about the continuous optimization of China's business environment, and has full confidence in China's openness, inclusiveness and long-term prosperity and development.
"We have witnessed the important process of China's continuous expansion of opening up, and we are deeply aware of the economic prosperity of China and the Asia-Pacific region." He Yizhou said, "We are very optimistic about the development of China's new economy and high-tech, especially in areas such as carbon neutrality and carbon neutrality. China will play a more important role in systematic projects such as Dafeng.” (End)