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Back|Xu Ningning, chief business expert of China and ASEAN, puts forward ten suggestions on RCEP regional cooperation
Xu Ningning, chief business expert of China and ASEAN, puts forward ten suggestions on RCEP regional cooperation
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中国新闻网·1 hour ago·Business·3 min read·🇨🇳China·

Xu Ningning, chief business expert of China and ASEAN, puts forward ten suggestions on RCEP regional cooperation

In response to global economic uncertainty, experts recommend promoting regional high-quality development by deepening industrial chain collaboration and mechanism docking.

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In response to global economic challenges, Xu Ningning, chief business expert of China and ASEAN, put forward ten suggestions on cooperation among RCEP member states, covering areas such as rule utilization, industrial chain collaboration, digital economy, and economic and trade mechanisms, aiming to respond to external risks and achieve high-quality development by deepening regional integration.

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The global economic recovery process is tortuous and sluggish, the trade pattern has been deeply adjusted, and the uncertainty in the industrial and supply chains has increased significantly.

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China News Service, Beijing, October 3 (Reporter Liu Wenwen) At present, the global economic recovery process is tortuous and weak, the trade pattern has been deeply adjusted, and the uncertainty of the industrial chain and supply chain has increased significantly. In order to promote the cooperation among member states of the Regional Comprehensive Economic Partnership (RCEP), jointly stabilize the regional economy, deepen enterprise cooperation, and enhance good-neighborly friendship, Xu Ningning, chief business expert of China and ASEAN, put forward ten practical cooperation suggestions based on the actual regional development and the global economic situation, providing practical reference for high-quality regional development and coordinated response to external risks.

First, we must thoroughly utilize the dividends of RCEP rules, fully implement institutional provisions such as tariff reductions and exemptions, accumulation of origins, and customs clearance facilitation, promote effective implementation of policies, effectively reduce cross-border operating costs, and empower market entities in various countries to develop steadily.

Second, promote a differentiated and precise cooperation model, based on the resource endowments, industrial advantages and development stages of each member country, to coordinate development, complement each other, avoid homogeneous competition, and enhance the overall effectiveness of regional cooperation.

Third, build a solid regional industrial chain and supply chain collaboration system, strengthen the leadership of leading enterprises, promote the integrated development of large and medium-sized enterprises, and build a regional industrial ecosystem that is independent, controllable, safe, stable, and resilient.

Fourth, cultivate new driving forces for regional economic and trade growth, focus on emerging fields such as digital economy, green and low-carbon, modern services, and high-end manufacturing, expand new cooperation tracks, and continue to tap regional economic growth potential.

Fifth, improve the normalized economic and trade docking mechanism, rely on industry exhibitions, commercial exchanges, and government-enterprise docking platforms to unblock corporate cooperation channels, break down information barriers, and improve the accuracy and effectiveness of cross-border economic and trade cooperation.

Sixth, coordinate the two-way open development inside and outside, rely on the overall advantages of the RCEP region to jointly explore the international market, gather high-quality capital, technology, and industrial resources in both directions, and continue to improve the overall regional openness level and competitiveness.

Seventh, promote the interconnection of regional standards systems, accelerate the mutual recognition and docking of product certification, inspection and quarantine, and industry standards, reduce various invisible trade barriers, and promote the efficient and free flow of regional factors.

Eighth, increase the empowerment and support of small and medium-sized enterprises, build exclusive service and cooperation platforms, provide information, financial, and technical support, activate the vitality of small and medium-sized market entities, and allow development dividends to benefit all types of market entities.

Ninth, promote good-neighborly friendship through economic and trade integration, rely on normalized economic and trade exchanges, deepen people-to-people exchanges, cultural and tourism interactions, and people's livelihood cooperation, continue to enhance mutual trust and consensus among member states, and consolidate the foundation of regional good-neighborly cooperation.

Tenth, improve the multilateral consultation and coordination mechanism, normalize communication and docking, resolve cooperation differences and trade frictions in a timely manner, build consensus on development, and coordinate to respond to global economic fluctuations and various external challenges.

Xu Ningning said that the ten suggestions proposed this time closely follow the needs of RCEP regional integrated development and take into account the multiple goals of stabilizing growth, promoting cooperation, preventing risks, and building good neighborliness. As various measures are implemented and advanced, we will continue to gather cooperation among member countries, deepen industrial collaboration and enterprise docking, consolidate the positive trend of the regional economy, and help the RCEP region achieve higher quality and more sustainable development in a complex international environment.

Open Questions

  • ?How responsive are member states to the relevant recommendations?
  • ?What is the specific implementation timetable and roadmap?

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This article was originally published by 中国新闻网.

Quick Look

In response to global economic challenges, Xu Ningning, chief business expert of China and ASEAN, put forward ten suggestions on cooperation among RCEP member states, covering areas such as rule utilization, industrial chain collaboration, digital economy, and economic and trade mechanisms, aiming to respond to external risks and achieve high-quality development by deepening regional integration.

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RCEP
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regional economy
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Xu Ningning
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Xu Ningning
regional economy
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China ASEAN

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