日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

RCEP to boost China-ASEAN trade growth

By PRIME SARMIENTO in Hong Kong | China Daily Global | Updated: 2023-07-12 10:05
Share
Share - WeChat
Photo taken on March 2, 2022 shows a container terminal of Qinzhou Port in South China's Guangxi Zhuang autonomous region. [Photo/Xinhua]

Partnership will serve as a platform for investment expansion, scholar says

The Regional Comprehensive Economic Partnership, or RCEP, is expected to serve as a "fertile ground for trade and investment expansion" between China and members of the Association of Southeast Asian Nations, a renowned Indonesian scholar said.

Jusuf Wanandi, co-founder of the Jakarta-based think tank Center for Strategic and International Studies, or CSIS, said the pandemic has "largely immobilized" trade growth from 2020 to 2022. However, he sees ASEAN-China trade "to continue to expand going forward".

"ASEAN and China have not only exhibited a strong trade growth. Both sides have managed to improve (their) position in the complexity ladder according to the Observatory of Economic Complexity," Wanandi said in an interview with China Daily. The OEC is a data visualization site for international trade data.

Wanandi, who is also vice-chairman of the board of trustees of the CSIS Foundation, said all ASEAN countries have improved their respective complexity indices in the last 10 years, except for Singapore, which is already a very complex economy. The rising complexity index is a "necessary ingredient for trade expansion".

As the world's biggest free trade pact, the RCEP aims to establish a unified market by reducing both tariff and non-tariff barriers. The RCEP's signatories are the 10 members of ASEAN plus Australia, China, Japan, New Zealand, and South Korea. Together, these countries account for about a third of the global population and 30 percent of the world's gross domestic product.

Member countries signed the pact in November 2020 and have committed to eliminating tariffs on more than 90 percent of goods traded within the RCEP. These tariffs will be gradually reduced over 20 years.

Even before the signing of the RCEP, Wanandi noted the steady growth in China-ASEAN trade following the free trade agreement between the two sides.

He said China has become the world's number one trader and the nation's share in global exports rose from 4.99 percent in 2000 — just before its entry into the World Trade Organization — to 15.4 percent in 2021.

Impressive progress

Likewise, ASEAN has made "impressive trade progress" during the same period, Wanandi said. ASEAN's share of global exports increased from 6.98 percent in 2000 to 8.26 percent in 2021. He cited Vietnam's "stellar progress" and how it has grown to become ASEAN's largest trader.

Apart from its economic strength, Wanandi noted that ASEAN has a key role to play in East Asia's community building.

He said a study of trade and investment flows in Asia would reveal that the "true region in our part of the world is East Asia" and that ASEAN, China, Japan, and South Korea are better seen as subregions.

"Recognizing some of the difficulties involved in bilateral relations in the region, ASEAN has a central role to play as a supplier of ideas on community building and as a focal point of region-wide interactions," he said.

Indonesia, which is this year's rotating chair of ASEAN, "continues to attach a centrality to ASEAN" in its foreign policy. "It is through ASEAN that Indonesia aspires to leverage its middle-power status in advancing good relations with the wider region and the rest of the world," he said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美大片一区二区三区 | 午夜在线视频一区二区三区 | 91私密视频 | 久久久精品影院 | 国产乱肥老妇国产一区二 | 亚洲综合久久1区2区3区 | 免费看特黄特黄欧美大片 | 亚洲精品专区 | 中文字幕成人 | 亚洲情av | 精品久久久久久一区二区 | 任你操免费视频 | 九色九色九色在线综合888 | 91麻豆蜜桃一区二区三区 | 国产欧美成人 | 精品久久久久久一区二区 | 亚洲欧美另类色妞网站 | 午夜影院免费 | 亚洲精品一区在线 | 色综合久久综合中文小说 | 成人精品一区二区 | 欧美一级视频 | 2015小明看日韩成人免费视频 | 色艹 | 欧美日韩精品一区二区三区 | 22eee在线播放成人免费视频 | 成人黄色免费电影 | 蜜臀传煤mv在线观看 | 99热com| 精品网站999www | 欧美色欧美亚洲另类二区精品 | 久章操 | 天天摸天天碰天天碰 | 91精品国产日韩91久久久久久 | 国产精品福利视频手机免费观看 | 在线视频不卡国产在线视频不卡 | 国产精品国产 | 久久久在线视频 | 日本AAA片爽快视频 波多在线 | 天天干天天干天天干天天干天天干 | 国产亚洲精品久久久久久打不开 |