East Expo service RCEP quality upgrade, helping China -ASEAN cooperation to speed up

Assistant researcher at the Institute of World Economics and Development, Liu Xiaowei China International Issues Research Institute

The theme of the 19th China -ASEAN Expo (referred to as "Eastern Expo") is based on the theme of "Share New RCEP Opportunities and Promote the China -ASEAN Free Trade Zone 3.0". A new business opportunities for cooperation in ASEAN to realize the upgrading of service RCEP, adding greater momentum to China's economic and trade investment cooperation with China and ASEAN.

The China -ASEAN Free Trade Zone complement the RCEP and stimulates new vitality in cooperation

Since the completion of the China-ASEAN Free Trade Zone, it has effectively improved the level of liberalization and facilitation of trade investment in China and ASEAN, and promoted the great improvement of the economic and trade scale of both parties. RCEP further connects the two major markets of China and ASEAN, which has fully released the potential of economic cooperation between China and ASEAN countries. Among the RCEP member states, China's trade with ASEAN has continued to lead. From January to August 2022, China and ASEAN trade reached US $ 627.58 billion, an increase of 13.3%year-on-year. China and ASEAN trade account for 15%of China's total foreign trade value, an increase of 0.5%over the same period last year. Among them, China exported to ASEAN 364.08 billion US dollars, an increase of 19.4%year -on -year; China imported from ASEAN 263.5 billion US dollars, a year -on -year increase of 5.8%.

The status of China and ASEAN as the largest trading partner is continuously consolidated. China is still the largest trading partner of Malaysia, Thailand, Cambodia, and Brunei. China and ASEAN have a strong two -way investment. As of the end of July 2022, the cumulative two -way investment exceeded US $ 340 billion, and China and ASEAN have become the most active partners in mutual investment. ASEAN is one of the important sources of foreign investment in China and one of the fastest -growing regions in China. Singapore, Indonesia, Vietnam, and Thailand are important investment destinations in China. The 10th anniversary of the development and construction of China and Malaysia has achieved fruitful results, and the industry has become a model of cooperation between the “Belt and Road”.

China-ASEAN interconnection is upgraded again, and the regional industrial chain supply chain is accelerated and integrated

The effective implementation of RCEP has enabled the in -depth connection of trade and industries between China and ASEAN, driving the demand for cross -border freight to increase significantly, and directly promote the upgrading of regional cross -border logistics networks. In the first half of the year, RCEP member states reached 13 countries that shipped goods through the Western Land -Haixin Channel, and the figuredate was increased from 9 to 12. In the first eight months of this year, the Western Land -China New Channel Tiehai Lianlian train had a total of 498,600 standards, an increase of 26.8%year -on -year.

Since the opening of the Chinese and Old Railway for nine months, the total international freight value has exceeded 10 billion yuan, and the role of the "Golden Channel" has become increasingly apparent. China -Vietnam's cross -border trains maintained a high -speed growth trend. From January to July, Guangxi opened a total of 197 China -Vietnam trains and sent 5890 benchmarks in container cargo, an increase of 18.67%and 25.32%year -on -year. The newly operated "Southeast Asia-Qinzhou-Xi'an" and "RCEP-Beibu Gulf Port-Henan" Tiehai Lianyun Line marked the first expansion of the Western Luhai New Channel's operation scope from the western region to the central region to promote the industry and ASEAN countries industry The chain supply chain is further integrated.

Beauty for excellence, the East Expo help China -ASEAN cooperation to speed up and then speed up

This year is the beginning of the start of the ASEAN comprehensive strategic partnership, and the first year of RCEP's landing. The subsequent negotiations of the upgrade of the China-Singapore Free Trade Agreement have made progress, and cooperation between sub-regions such as China-ASEAN growth zone, Lanmei and other sub-regions have continued to advance. As an important cooperative platform for China -ASEAN, the East Expo will focus on the quality upgrade of service RCEP.

This year's East Expo optimize and upgrade the RCEP exhibition area, the first ASEAN and RCEP boutique exhibition area, the central enterprise exhibition area, and the construction exhibition area of ​​the Guangdong -Hong Kong -Macao Greater Bay Area, new energy vehicles, cultural tourism recuperation, cross -border e -commerce and new retail exhibition areas Wait for the exhibition content. Hold the RCEP high -level forum to improve the company's familiarity and use the RCEP agreement to participate in international cooperation capabilities. Strengthen the cooperation with the RCEP Member State Business Association, and invite more RCEP member states to the main business association and economic and trade promotion agency as the support business association or special cooperation agency of the East Expo to provide a platform for high standards to implement RCEP.

The East Expo fully seizes the opportunity of RCEP to take effect, excellence, upgrade and develop, and expand from serving "10" to service RCEP and "Belt and Road". The connotation and functions of "Nanning Channel" are further enriched. China -ASEAN economic and trade investment cooperation and humanistic exchange platforms are more broad.

Sharing opportunities, the future can be expected

The new coronary pneumonia's epidemic and geopolitical turmoil accelerated the end of the century -long change, and the world has entered a new period of turbulent change. The international economic governance system and multilateral mechanism have been impacted, economic nationalism has accelerated, and globalization has become more and more intense. The downward pressure on the global economy has continued to accumulate. In this context, the construction of the 3.0 version of the China-ASEAN Free Trade Zone has been promoted in an orderly manner and the continuous release of the bonus bonus of RCEP, bringing warmth to the global economic recovery. Over the past 18 years, the East Expo has successfully served and witnessed cooperation between China and ASEAN.

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