"long distance run" for seven years, RCEP signed an agreement next year for the East Asian Community to go a step further.
Core tip: as Huang Xilian, Chinese Ambassador to ASEAN, has said, China attaches great importance to the RCEP negotiations, actively plays a constructive role, firmly supports ASEAN's core position in the negotiations, and participates in the negotiations on the principle of mutual benefit and win-win results. We will promote the negotiations to maintain a positive momentum and move forward. RCEP is conducive to developing the potential of regional cooperation and promoting the in-depth development of regional economic integration.
The third (RCEP) leaders' meeting of the Regional Comprehensive Economic Partnership Agreement was held in Bangkok, Thailand, on the 4th. After the meeting, the leaders issued a joint statement announcing that the 15 members of the RCEP, with the exception of India, had concluded all text negotiations and virtually all market access negotiations, and were committed to ensuring that the agreement was signed next year.
The legal text will be prepared as soon as possible
In today's rapidly changing global environment, the completion of the RCEP negotiations will demonstrate the commitment of member countries to jointly create a cross-regional and open trade and investment environment, the statement said. RCEP will significantly promote the future development of the region, make a positive contribution to the global economy, and become a strong pillar of the multilateral trading system.
The statement said that the 15 members of the RCEP, except India, have concluded all text negotiations and virtually all market access negotiations, and will prepare a complete legal text as soon as possible to ensure the signing of the agreement by 2020. India has important issues that have not yet been resolved, and all RCEP members will resolve them in a satisfactory manner through cooperation.
Launched by the ten ASEAN countries in 2012, RCEP invites China, Japan, South Korea, Australia, New Zealand and India to participate in a free trade agreement on a unified market by reducing tariff and non-tariff barriers.
The Asia-Pacific region is one of the most dynamic sectors of the global economy. RCEP will make the prospect of Asia-Pacific economic integration clearer, and will be conducive to trade balance, industrial innovation and employment expansion in the region.
Multilateralism is still alive
The achievement of RCEP is the expectation of all relevant parties, including ASEAN countries, for many years. Since the beginning of this year, the RCEP negotiation process has accelerated, and the parties have shown more positive political will than ever before. The centripetal force behind the joint promotion of win-win cooperation is of special significance in the context of the current turbulent global trade situation. Analysts believe that at this critical period, the progress of RCEP is a major benefit to the global multilateral trading system, economic globalization and markets.
Jiang Yuechun, director of the Institute of World Economics at the China Academy of International Studies, pointed out that once the RCEP is reached, it will be conducive to dealing with unilateralism, especially the negative impact of trade protectionism in the United States, and can promote the virtuous circle of international trade as a whole. To provide a new and powerful impetus to the world economy.
Cai Weicai, senior vice president of Kaitai Bank of Thailand, said that RCEP will become an important mechanism for promoting regional economic integration in Asia, and that with the promotion of RCEP, the regional value chain in Asia will become closer. Driven by the initiatives of RCEP and "Belt and Road Initiative", China and ASEAN will certainly cooperate more closely and become the main driving force for the healthy development of the global economy in the future.
Azmi Hassan, a professor of political science at the Malaysian Polytechnic University, said the progress of the RCEP negotiations proved that multilateralism remained "dynamic" despite unilateralism in some countries.
China's role is indispensable
In the course of several years of RCEP negotiations, China's role and wisdom are indispensable. In August this year, the RCEP ministerial meeting was held in Beijing. This is an important meeting held at the critical stage of the RCEP negotiations and has led to important progress in the negotiations.
On the morning of November 3, local time, Premier Li Keqiang of the State Council pointed out when attending the 22nd China-ASEAN leaders' meeting that the current downward pressure on the world economy is increasing, bringing new and severe challenges to all countries. China and ASEAN countries should jointly safeguard multilateralism and free trade, work together to resist risks, and achieve common development. It is necessary to adhere to inclusive and win-win results and speed up the upgrading of economic and trade cooperation. The early completion of the (RCEP) negotiations on the Regional Comprehensive Economic Partnership Agreement will lay the foundation for economic integration in East Asia.
In the process of RCEP negotiations for many years, China has actively "promoted talks, promoted cooperation and facilitated", and its role is indispensable. As Chinese Ambassador to ASEAN Huang Xilian said, China attaches great importance to the RCEP negotiations, actively plays a constructive role, firmly supports ASEAN's core position in the negotiations, and participates in the negotiations on the principle of mutual benefit and win-win results. We will promote the negotiations to maintain a positive momentum and move forward.
Xu Ningning, executive director of the China-ASEAN Business Council, said that the multilateral trading system and regional trade arrangements are the two wheels driving economic globalization forward. Speeding up the implementation of the free trade zone strategy is an important part of China's new round of opening up to the outside world. RCEP is conducive to developing the potential of regional cooperation and promoting the in-depth development of regional economic integration. Comprehensive Xinhua News Agency News