Continuous release of RCEP policy dividends

2023-06-08

The Regional Comprehensive Economic Partnership (RCEP) has recently come into full force for 15 signatory countries, which will provide strong support for China's high-level opening up. We should fully enjoy the policy dividends of the agreement and further leverage its positive role in promoting high-quality economic development. Since the implementation of RCEP, the initial results have been evident. The trade in goods between member countries is becoming closer, and intra regional trade has become a key force in stabilizing and driving the growth of foreign trade among member countries. At the same time, benefiting from the positive signals released by the agreement's entry into force, the RCEP region continues to become a hot spot for global investment. Most member countries have shown a positive upward trend in utilizing foreign investment, and the overall attraction of green space investment in the region is strong. For Chinese enterprises, RCEP has brought tangible dividends, helped them reduce trade costs, and created favorable conditions for them to better enjoy benefits. Last year, Chinese enterprises enjoyed a preferential export value of 235.3 billion yuan under RCEP, and could enjoy a tariff reduction of 1.58 billion yuan from the importing country; The import value of Xianghui is 65.3 billion yuan, with a tax reduction of 1.55 billion yuan. In the first quarter of this year, Chinese enterprises enjoyed a preferential export value of 62.29 billion yuan under RCEP, and could enjoy a tariff reduction of 930 million yuan from the importing country; The import value of Xianghui is 18.25 billion yuan, with a tax reduction of 480 million yuan. The full implementation of RCEP has created more favorable conditions for China to expand trade in goods with other member countries, which is conducive to driving corresponding service trade and investment openness, promoting trade facilitation and improving the business environment. At the same time, various regions in China actively strengthen policy coordination, optimize the business environment, strengthen economic and trade cooperation with RCEP member countries, effectively improve support and service levels for enterprises, help enterprises seize the opportunities of the agreement, and form many effective practical measures and innovative practical achievements. The high-quality implementation of RCEP will be beneficial for deepening the integration and development of regional industrial and supply chains, expanding new space for international economic and trade cooperation among local governments, industries, and enterprises, and promoting the realization of a higher level of institutional openness from a higher starting point. Effective measures should continue to be taken to support local governments, industries, and enterprises in making good use of the policy dividends set by the Football Association. We need to continue to implement the guidance on high-quality implementation of RCEP, grasp the gradual opening process of RCEP, and gradually fully leverage the economic effects of the agreement. At the same time, further strengthen RCEP specialized training, focusing on specific industries such as petrochemical, electromechanical, light textile, and automotive. Carry out more refined and targeted training to help enterprises fully understand and make good use of the policy dividends of the agreement. We need to continuously improve the level of public services and promote the replication and promotion of the implementation experience of the agreement. Continuously provide RCEP policy consultation and Q&A services for enterprises, encourage and support local governments to serve enterprises in various forms, summarize and summarize good experiences and practices in docking with RCEP, optimizing business environment, promoting trade and investment cooperation, and continuously improve the utilization rate and utilization level of agreements. In addition, it is necessary to further promote the construction and cooperation of the RCEP mechanism. Continuously promote the implementation of RCEP tariff reduction commitments, service trade and investment openness commitments, and fully fulfill rules and obligations such as trade and investment liberalization and facilitation. Strengthen RCEP economic and technological cooperation. positive

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic daily

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