On June 2, the "Regional Comprehensive Economic Partnership Agreement" (RCEP) officially entered into force for the Philippines, entering a new stage of full implementation. RCEP's total population, GDP, and trade in goods all account for about 30% of the world's total. The full effect of RCEP will provide a strong boost to China's high-level opening up.
China unswervingly pursues an opening-up strategy of mutual benefit and win-win results, implements high-level trade and investment liberalization and facilitation policies, and actively promotes the formation of an open pattern of land, sea and overseas linkages, and mutual benefit between the east and the west. The full implementation of RCEP will undoubtedly bring many new development opportunities to China——
Opportunities for balanced regional development. Regional economy is an integral part and an important spatial carrier of Chinese-style modernization. In China, solving the problem of unbalanced development in different regions such as the east, the middle, and the west is a must-answer question for achieving high-quality development. The full effect of RCEP will not only help to further consolidate the advantages of the eastern coastal areas in development and opening up, promote their full participation in international competition and unleash their innovation potential, but will also accelerate the use of international markets and resources in western regions such as Guangxi, Yunnan, Sichuan, and Guizhou. Realize open development.
Opportunities for infrastructure development. The full effect of RCEP will greatly promote the free flow of production factors such as raw materials, products, technology, talents, capital, information and data in the region, and promote the gradual formation of a more prosperous regional integrated market. This means that water transport ports, land transport ports, and air transport ports related to RCEP will usher in more "traffic" and "business opportunities", and infrastructure investment and construction opportunities in related fields will also accelerate.
Opportunities for trade clearance facilitation. Opening up to the outside world at a high level is a systematic project. While RCEP brings tariff concessions, it is also accompanied by the improvement of customs clearance efficiency. Nowadays, many localities have implemented RCEP trade facilitation measures with high standards, and promoted the implementation of 6-hour customs clearance for express and perishable goods. At the same time, they are actively building an online RCEP smart application public service platform, and vigorously promoting digital services for the entire process of certificates of origin. For market players, the facilitation of trade customs clearance can make business that was difficult to do before easy, and the trade market that was originally small can become considerable.
Opportunities for cross-border industrial chain cooperation. At present, the global industrial division of labor system is constantly being refined, and economic and trade exchanges between countries are no longer simple commodity transactions. only by continuously deepening international cooperation in the industrial and supply chains can the fruits of development benefit the people of all countries. Continuing to promote high-quality implementation of RCEP is conducive to further promoting the integration and development of regional industrial chain supply chains, and is conducive to localities, industries and enterprises to expand new space for international economic and trade cooperation. It can be said that the optimization and reconstruction of the cross-border industrial chain formed with the full effect of RCEP not only brings development opportunities for enterprises, but also adds impetus to regional economic growth.
In fact, the opening up and development opportunities brought by RCEP's full effect are far more than this. The key depends on how to seize and grasp.
On the one hand, we should continue to optimize the business environment, follow the development trend of trade digitalization and informatization, create a "promising government" and "effective market", and form more experience and practices that can be replicated, promoted, and implemented as soon as possible, and continuously improve RCEP Agreement utilization level. On the other hand, the majority of enterprises must also identify their comparative advantages, work hard on their products, and actively face competition and seek opportunities for cooperation on the new open stage brought about by RCEP, so as to better achieve international development.
Promote high-quality development with high-level opening up, and drive high-level opening up with high-quality development. Seize the opportunity of RCEP to achieve mutual benefit and common development, the prospect is promising.