It has been the first anniversary since the "Regional Comprehensive Economic Partnership Agreement" (RCEP) came into effect. Xu Ningning, executive chairman of the China-ASEAN Business Council and chairman of the RCEP Industrial Cooperation Committee, recently said that when looking forward to the prospects for cooperation under RCEP in 2023, member states are expected to continue in the industry. More achievements in the field of cooperation.
Xu Ningning pointed out that it is very important for RCEP member states to enhance industrial cooperation in 2023. Industry is the foundation of economic growth. Chapter 20 of the RCEP agreement is rich in content, the key content of which is tariff reduction and exemption. Tariff reductions have the greatest impact on industrial sectors. RCEP countries signed agreements through negotiations, mainly to establish new production relations based on institutional arrangements. To achieve the goal of liberating productivity and promoting economic growth, an important part of it is industrial cooperation. Through industrial docking and cooperation, industrial restructuring and industrial upgrading are promoted. Promote economic growth through industrial upgrading. RCEP member countries have strong industrial complementarity, close mutual trade and investment relationship, wide cooperation space and great potential. The market opening implemented by RCEP has created favorable conditions for countries to enhance industrial cooperation.
Xu Ningning suggested that in 2023, national industry associations should further play a role in RCEP industrial cooperation. First, seize the opportunity of RCEP as an important task to practice the "Belt and Road" and implement the "dual cycle" economic development, build a new development pattern, and promote industrial development, and take active actions to strengthen docking and cooperation with industry organizations in countries related to RCEP. Demonstrating achievements in the construction of RCEP. Second, industry associations should formulate and implement the "Action Plan" for the industry to seize the opportunity of RCEP opening up. The implementation of RCEP has brought about a new combination of supply chain and industrial chain, and the industry associations of various countries have the best knowledge of the industry situation in their country and the supporting situation of upstream and downstream industries. To help enterprises in this industry grasp the situation and seize open business opportunities. The third is that the Chinese business associations can work together with major business associations in other RCEP countries to formulate docking cooperation action plans, determine key projects and activities for cooperation, and better provide services for domestic enterprises. The fourth is to hold RCEP industry economic seminars, business opportunity matchmaking meetings, product exhibitions, and investment promotion meetings, and give more elements of RCEP-related countries in industry exhibitions, industrial parks, industry malls, and industry gathering places to facilitate trade and investment.
