On January 1, the regional comprehensive economic partnership agreement (RCEP) officially came into force, marking the official landing of the free trade area with the largest population, the largest economy and the most development potential in the world. 2022 is also the fifth anniversary of ciie. As the world’s first national exhibition with the theme of import, ciie gives full play to the role of an open platform of “buying the world and selling the world”, helps enterprises around the world explore the Chinese market and injects new impetus into world economic growth.
When RCEP meets ciie, what kind of bonus spark will it spark? What positive role will the Expo play in promoting the effectiveness and implementation of RCEP? How can enterprises of RCEP Member States achieve greater development with the help of the Expo platform? On January 19, the new year exchange meeting and the fifth signing ceremony of the 2022 China Expo were held in the National Convention and Exhibition Center (Shanghai). The guests of politics, industry, University and research focused on the implementation of RCEP and the new opportunities brought to enterprises by the China Expo.
Participants said that the entry into force and implementation of RCEP sent a strong signal to the world to support free trade and maintain the multilateral trading system, and injected strong impetus into regional and even global economic recovery and growth. Exhibitors of the Expo can make full use of the provisions in the agreement on tariff preference, rules of origin, service trade and movement of natural persons to expand the scale of exhibition and import, adjust and optimize the industrial layout in the region.
the effectiveness of RCEP and ciie will bring double positive effects
“The first time RCEP came into effect, Guangxi Jingui pulp and Paper Co., Ltd., a subsidiary of app (China) of Jinguang group, obtained the first RCEP certificate of origin issued by Qinzhou customs in Guangxi.” Zhai Jingli, vice president of app (China) of Jinguang group, revealed that this means that the cross-border trade of some products of the company will enjoy policy dividends.
In Zhai Jingli’s view, the entry into force of RCEP provides flexibility for enterprises in the layout of industrial chain and supply chain. In RCEP region, Australia, New Zealand and ASEAN are important producers of primary raw materials. China is the downstream assembly base of high-end industries and the production base of labor-intensive industrial products, and ASEAN is also the downstream assembly base of labor-intensive industries. With the entry into force of RCEP, especially the introduction of rules of origin, the regional planning system will be further integrated, which provides a good possibility and Implementation for enterprises to layout the industrial chain and supply chain.
“For multinational enterprises like Jinguang, the implementation of RCEP is not only conducive to the rapid and healthy growth of the Chinese market, but also further releases the regional trade potential and continuously improves the international competitiveness of products.” Zhai Jingli said, “in the global layout of the industrial chain, we fully consider how to make ASEAN’s resource advantages, cost advantages and how to complement and promote manufacturing with China.”
Zhai Jingli expects that enterprises can launch more diversified and competitive products and services through the Expo platform.
Liu Fuxue, deputy director of China International Import Expo Bureau, said that the entry into force of RCEP and the holding of ciie complement each other and will bring double positive effects. On the one hand, RCEP member countries are important exhibitors in the Expo. The fourth Import Expo attracted more than 900 enterprises from RCEP member countries, with an exhibition area of about 100000 square meters, and the number and area of entrepreneurs account for more than 1 / 4. Member states have made high-level opening-up commitments in the fields of trade facilitation, e-commerce, service trade and investment, and created new opportunities through regional cooperation and expanding opening-up, which will give wings to the better and better of ciie.
On the other hand, ciie plays the role of four platforms: international procurement, investment promotion, people to people exchanges and open cooperation. It has become a demonstration window for building a new development pattern, will continue to help RCEP land with high quality, and is also the touchstone for RCEP implementation.
On the same day, 31 Enterprises collectively signed the Fifth China International Fair, with an exhibition area of nearly 10000 square meters, and 3 enterprises signed up to become members of Hongqiao International Economic Forum.
there may be six eastward trends in the world after the covid-19 pneumonia epidemic
China’s one belt, one road researcher, Zhang Yansheng, said that RCEP and CIIE will jointly promote the regional cooperation in East Asia and Southeast Asia, promote the construction of “one belt and one road” and build a new pattern of “double circulation” and promote mutual cooperation.
“The most important role of RCEP in the industrial chain and supply chain is to grasp the major opportunity of the eastward shift of the global economic center of gravity.” Zhang Yansheng predicted that after the covid-19 pneumonia epidemic, there may be a new trend of global demand moving eastward, global supply moving eastward, global innovation moving eastward, global services moving eastward, global capital moving eastward, and global financial and monetary cooperation moving eastward, which is known as the “six eastward” trend.
Zhou Liang, partner of anyong Greater China regional economic consulting service, said that at present, the world is experiencing profound changes in the industrial chain, supply chain and value chain. In the process of value chain change, although it is too early to conclude that “the value chain is transferred to the East”, at least China is not a loser at present. “
On the one hand, the top 500 foreign-funded and innovative enterprises are relying on China’s huge consumer market and even the huge consumer market in the Asia Pacific region. China’s human resources dividend and perfect industrial system can keep their industries in China and continuously launch new products, new businesses and new models; China’s enterprises one belt, one road, and the other are the global and global diversification and regionalization of RCEP.
“Ciie itself is an important national platform linking China and the international double cycle. Dangdang RCEP + ciie, I believe ciie will become a platform linking the whole Asia Pacific region and the world in the future.” Zhou Liang said.
Zhou Liang predicted that under such a platform, enterprises will present three responses: first, RCEP countries will increase their participation in the Expo. When enterprises know that the tariff of 90% of goods will be reduced to 0 within ten years, they will try and apply new products, new businesses and new models in China.
Second, in the process of exhibitors changing from exhibitors to investors, the industrial chain will change and transfer. Some labor-intensive industries or enterprises that need to be close to the production end of raw materials will transfer the industrial layout to East and Southeast Asia. On the other hand, China’s high-quality human resources supply will become an important factor for these enterprises to layout R & D brands.
Third, RCEP has more open regulations on service trade and the movement of cross-border natural persons. The professional service industry, design, education and training industries, including Ernst & young, will rely more on the talent advantages of Shanghai and tilt more forces to layout in China. There are also great opportunities for the service industry.
