On the occasion of the two-and-a-half-month completion of the China-ASEAN Free Trade Area on January 1, 2010, the 6th China-ASEAN Expo held in Nanning, Guangxi on the 20th, the cluster of political and business circles has long been a free trade zone. The building was preheated in advance.
Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, said at the 6th China-ASEAN Business and Investment Summit held on the same day that despite the impact of the financial crisis, the bilateral trade volume between China and ASEAN in the first nine months of this year is still close to 150 billion U.S. dollars. The total investment has exceeded 60 billion US dollars, and China and ASEAN are currently the fourth largest trading partners. The free trade zone was established under the background of the financial crisis. "This is an important milestone in promoting regional economic integration, which marks that the economic and trade relations between the two sides have stood at a new starting point."
At the China-ASEAN Expo on the same day, China and the 10 ASEAN countries all set a luxury official lineup, creating momentum for the free trade zone two and a half months later. Among them, ASEAN has ASEAN Secretary-General Surin Phi Suwan, Lao Prime Minister Posson Buphangwan, Vietnamese Deputy Prime Minister Yu Shengxiong, Philippine Speaker of the House Noglares, Cambodian Minister of State and Commerce, Pulasi, Brunei Industry and Minister of Primary Resources Ye Haiya and others; at the Chinese level, there are Chen Deming, Minister of Commerce of China, Li Kenong, Deputy Director of the General Administration of Customs, and Wan Qingliang, Vice Governor of Guangdong Province.
This is mutually reinforcing: 2,450 exhibitors from this year's China-ASEAN Expo, with a total of 4,000 booths, 700 more than the previous year. Among them, 10 countries in ASEAN use 1168 booths, accounting for 29.2% of the total number of booths. The scale of participation in ASEAN countries has reached a new high.
93% of products with zero tariffs In 2008, the total size of China and ASEAN economies was 6 trillion US dollars, accounting for about one-ninth of the world. According to the agreement, by 2010, the tariffs of 93% of the products of China and Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand will be reduced to zero. This region with a population of 1.9 billion and a total trade volume of 4.5 trillion US dollars. It will become the largest free trade zone composed of developing countries.
Li Keqiang said that the current economic situation in China is generally improving, the economic growth rate is rising month by month; the ASEAN economic downturn has been curbed, and some major economic indicators have begun to improve. Under the premise that countries have helped each other in the same boat and achieved initial results, "China and ASEAN should continue to make the response to the international financial crisis a priority," and the China-ASEAN Free Trade Area will be an important support.
The China-ASEAN Free Trade Area is China's first free trade zone for foreign negotiations and the first free trade zone for ASEAN to negotiate as a whole. In 2008, the trade volume between China and ASEAN reached US$231.1 billion. The two parties signed the Agreement on Trade in Goods, the Agreement on Trade in Services and the Investment Agreement, paving the way for the full establishment of the Free Trade Zone.
As an important organizer of this expo, there are 94 companies in Malaysia. In an interview with reporters, Malaysian Deputy Minister of Finance Datuk Cao Zhixiong has high expectations for the status of the Chinese market in the Free Trade Zone. He firmly believes that the current international financial crisis will basically bottom out, and China will lead Asia out of the crisis and regain prosperity. .
“After the completion of the Free Trade Zone, I believe that China will rise from Thailand’s current second largest trading partner position to become the largest trading partner,†said Deputy Minister of Commerce of Thailand, Along Gong Ben Rab.
Earlier, the Chinese government announced that it will set up a US$10 billion “China-ASEAN Investment Cooperation Fund†to focus on China-ASEAN infrastructure and network construction. At the same time, the Chinese government will provide 15 billion for ASEAN in the next 3-5 years. US dollar credit and strengthen ASEAN integration and regional cooperation.
“Thailand is currently actively promoting the infrastructure construction of Kunming Highway and Guangxi Pingxiang Friendship to Thailand, hoping to use these two funds to get the land network from Thailand to China as soon as possible.†Ben Rab told reporters that in addition to land facilities. Both aviation and port are considered.
"The government pushes fast, the company can't keep up"
In fact, benefiting from the China-ASEAN Free Trade Area effect, in addition to the significant increase in exhibitors from ASEAN countries, there have been breakthroughs in exhibiting from outside the region, as well as the United States, France, Italy, Spain, Japan, and South Korea. Buyers from countries and regions such as the United Arab Emirates, Australia, and New Zealand participated in the conference, and 30 overseas procurement groups.
"China and ASEAN will increasingly become a whole, and the tax reduction policy will effectively promote the economic and trade development of both sides, which contains huge business opportunities." Cao Zhixiong broke the mystery.
“The free trade zone is an important platform for enterprises to allocate resources and take every need.†Guan Yueqing, chairman of Guangxi Investment Group Co., Ltd., expressed his feelings to the reporter that the company had previously developed mainly in Guangxi, and later expanded. Outside the province, the ASEAN market has become an important focus of the company in recent years. "At present, Vietnam plans to invest in bauxite. Cambodia, Indonesia and Laos mainly talk about investment and construction of water, thermal and mineral resources, and they are all big-name bureaus."
However, behind the optimism of enterprises and the government, there are still hidden concerns. Take the China-ASEAN Free Trade Area Investment Agreement signed by China and ASEAN in August 2009 as an example. The purpose is to encourage and promote investment flows between China and ASEAN and provide protection for investment. "But the current situation is that the government pushes fast, and enterprises can't keep up, and they can't achieve the expected results," said Li Guanghui, a researcher at the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce. “Because different provinces have different understandings of the policy of the free trade zone, how the government should train enterprises is also a problem for all localities.â€
In addition, as far as the industry is concerned, compared with most ASEAN countries, China's industrial system is complete and quite a number of enterprises are strong. After the completion of the free trade zone, China's production and processing of products will have an impact on ASEAN countries. As a result, the implementation of the "Goods Trade Agreement", "Service Trade Agreement" and "Investment Agreement" signed between China and ASEAN countries may encounter real industrial resistance, and it does not rule out that ASEAN countries increase non-tariff barriers while reducing taxes. may.
When the reporter threw the issue to Ben Rab, Ben Rab euphemistically stated that Thailand is a developing country. Of course, the establishment of the free trade zone will affect the Thai industry. In order to avoid some enterprises from being hit hard, “mainly rely on China-ASEAN Investment Cooperation Fund and 15 billion credit."
"Of course, in the China-ASEAN Free Trade Area, no party is a win-win situation, but in the overall situation, everyone will achieve a win-win situation," he said.
In this regard, Li Keqiang pointed out that China and ASEAN should comprehensively deepen trade cooperation, highlight investment cooperation, invest in trade, and promote consumption through consumption. In addition, China and ASEAN should further develop sub-regional cooperation and “encourage enterprises to participate in sub-regional economic cooperation such as the East ASEAN Growth Area, the Greater Mekong River and the Pan-Beibu Gulf, making it a new bright spot for economic and trade cooperationâ€.
Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, said at the 6th China-ASEAN Business and Investment Summit held on the same day that despite the impact of the financial crisis, the bilateral trade volume between China and ASEAN in the first nine months of this year is still close to 150 billion U.S. dollars. The total investment has exceeded 60 billion US dollars, and China and ASEAN are currently the fourth largest trading partners. The free trade zone was established under the background of the financial crisis. "This is an important milestone in promoting regional economic integration, which marks that the economic and trade relations between the two sides have stood at a new starting point."
At the China-ASEAN Expo on the same day, China and the 10 ASEAN countries all set a luxury official lineup, creating momentum for the free trade zone two and a half months later. Among them, ASEAN has ASEAN Secretary-General Surin Phi Suwan, Lao Prime Minister Posson Buphangwan, Vietnamese Deputy Prime Minister Yu Shengxiong, Philippine Speaker of the House Noglares, Cambodian Minister of State and Commerce, Pulasi, Brunei Industry and Minister of Primary Resources Ye Haiya and others; at the Chinese level, there are Chen Deming, Minister of Commerce of China, Li Kenong, Deputy Director of the General Administration of Customs, and Wan Qingliang, Vice Governor of Guangdong Province.
This is mutually reinforcing: 2,450 exhibitors from this year's China-ASEAN Expo, with a total of 4,000 booths, 700 more than the previous year. Among them, 10 countries in ASEAN use 1168 booths, accounting for 29.2% of the total number of booths. The scale of participation in ASEAN countries has reached a new high.
93% of products with zero tariffs In 2008, the total size of China and ASEAN economies was 6 trillion US dollars, accounting for about one-ninth of the world. According to the agreement, by 2010, the tariffs of 93% of the products of China and Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand will be reduced to zero. This region with a population of 1.9 billion and a total trade volume of 4.5 trillion US dollars. It will become the largest free trade zone composed of developing countries.
Li Keqiang said that the current economic situation in China is generally improving, the economic growth rate is rising month by month; the ASEAN economic downturn has been curbed, and some major economic indicators have begun to improve. Under the premise that countries have helped each other in the same boat and achieved initial results, "China and ASEAN should continue to make the response to the international financial crisis a priority," and the China-ASEAN Free Trade Area will be an important support.
The China-ASEAN Free Trade Area is China's first free trade zone for foreign negotiations and the first free trade zone for ASEAN to negotiate as a whole. In 2008, the trade volume between China and ASEAN reached US$231.1 billion. The two parties signed the Agreement on Trade in Goods, the Agreement on Trade in Services and the Investment Agreement, paving the way for the full establishment of the Free Trade Zone.
As an important organizer of this expo, there are 94 companies in Malaysia. In an interview with reporters, Malaysian Deputy Minister of Finance Datuk Cao Zhixiong has high expectations for the status of the Chinese market in the Free Trade Zone. He firmly believes that the current international financial crisis will basically bottom out, and China will lead Asia out of the crisis and regain prosperity. .
“After the completion of the Free Trade Zone, I believe that China will rise from Thailand’s current second largest trading partner position to become the largest trading partner,†said Deputy Minister of Commerce of Thailand, Along Gong Ben Rab.
Earlier, the Chinese government announced that it will set up a US$10 billion “China-ASEAN Investment Cooperation Fund†to focus on China-ASEAN infrastructure and network construction. At the same time, the Chinese government will provide 15 billion for ASEAN in the next 3-5 years. US dollar credit and strengthen ASEAN integration and regional cooperation.
“Thailand is currently actively promoting the infrastructure construction of Kunming Highway and Guangxi Pingxiang Friendship to Thailand, hoping to use these two funds to get the land network from Thailand to China as soon as possible.†Ben Rab told reporters that in addition to land facilities. Both aviation and port are considered.
"The government pushes fast, the company can't keep up"
In fact, benefiting from the China-ASEAN Free Trade Area effect, in addition to the significant increase in exhibitors from ASEAN countries, there have been breakthroughs in exhibiting from outside the region, as well as the United States, France, Italy, Spain, Japan, and South Korea. Buyers from countries and regions such as the United Arab Emirates, Australia, and New Zealand participated in the conference, and 30 overseas procurement groups.
"China and ASEAN will increasingly become a whole, and the tax reduction policy will effectively promote the economic and trade development of both sides, which contains huge business opportunities." Cao Zhixiong broke the mystery.
“The free trade zone is an important platform for enterprises to allocate resources and take every need.†Guan Yueqing, chairman of Guangxi Investment Group Co., Ltd., expressed his feelings to the reporter that the company had previously developed mainly in Guangxi, and later expanded. Outside the province, the ASEAN market has become an important focus of the company in recent years. "At present, Vietnam plans to invest in bauxite. Cambodia, Indonesia and Laos mainly talk about investment and construction of water, thermal and mineral resources, and they are all big-name bureaus."
However, behind the optimism of enterprises and the government, there are still hidden concerns. Take the China-ASEAN Free Trade Area Investment Agreement signed by China and ASEAN in August 2009 as an example. The purpose is to encourage and promote investment flows between China and ASEAN and provide protection for investment. "But the current situation is that the government pushes fast, and enterprises can't keep up, and they can't achieve the expected results," said Li Guanghui, a researcher at the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce. “Because different provinces have different understandings of the policy of the free trade zone, how the government should train enterprises is also a problem for all localities.â€
In addition, as far as the industry is concerned, compared with most ASEAN countries, China's industrial system is complete and quite a number of enterprises are strong. After the completion of the free trade zone, China's production and processing of products will have an impact on ASEAN countries. As a result, the implementation of the "Goods Trade Agreement", "Service Trade Agreement" and "Investment Agreement" signed between China and ASEAN countries may encounter real industrial resistance, and it does not rule out that ASEAN countries increase non-tariff barriers while reducing taxes. may.
When the reporter threw the issue to Ben Rab, Ben Rab euphemistically stated that Thailand is a developing country. Of course, the establishment of the free trade zone will affect the Thai industry. In order to avoid some enterprises from being hit hard, “mainly rely on China-ASEAN Investment Cooperation Fund and 15 billion credit."
"Of course, in the China-ASEAN Free Trade Area, no party is a win-win situation, but in the overall situation, everyone will achieve a win-win situation," he said.
In this regard, Li Keqiang pointed out that China and ASEAN should comprehensively deepen trade cooperation, highlight investment cooperation, invest in trade, and promote consumption through consumption. In addition, China and ASEAN should further develop sub-regional cooperation and “encourage enterprises to participate in sub-regional economic cooperation such as the East ASEAN Growth Area, the Greater Mekong River and the Pan-Beibu Gulf, making it a new bright spot for economic and trade cooperationâ€.
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