The signing of RCEP injects confidence into nj bet365 cooperation
November 30, 2020 09:12 Source: "nj bet365 Journal" Issue 2058, November 30, 2020 Author: Our reporter Zhao Yuan

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November 15,At the Fourth Regional Comprehensive Economic Partnership nj bet365 Leaders’ Meeting,Including ten ASEAN countries、China、Japan、South Korea、15 member states, including Australia and New Zealand, formally signed the "Regional Comprehensive Economic Partnership nj bet365" (RCEP)。How Europe views the signing of the nj bet365?What impact does this nj bet365 have on the China-EU investment nj bet365 negotiations?The reporter interviewed relevant experts and scholars on relevant issues。

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Uri Dadush, senior researcher at Morocco’s Center for New Southern Policy, believes,From a European business perspective,RCEP can be understood as China、Free trade nj bet365 between Japan and South Korea and other countries,ASEAN、Both Australia and New Zealand can share the dividends of trade facilitation。According to World Bank forecast,Within the next 10 years,The GDP growth rate of the Asia-Pacific region will be 2-3 times that of Europe and the United States。RCEP is a dynamic development process,Not just a one-time nj bet365。Dadush said,Consumers and many EU businesses that rely on imports of intermediate products from RCEP member states will benefit from lower prices,EU exporters will benefit from faster and sustained growth in the region。

Alicia García-Herrero, a senior researcher at the Brussels Institute for International Economics in Belgium, believes,The signing of the nj bet365 will help improve the stability of the regional supply chain,Conducive to trade facilitation。Future,Southeast Asia has a large population、Countries with lower wages,Potentially enhanced role in global value chains。But the EU’s role in global value chains will show a downward trend。China’s human capital and innovation are undoubtedly the main factors that improve the competitiveness of Chinese products。In education,China’s average years of education continues to increase,In Science、Technology、Engineering、Mathematics (STEM) field,The absolute number of graduates in China and the United States、The sum of Japan and the EU is equal。According to relevant statistics,China’s human capital is rapidly approaching the level of EU countries。At the same time,Chinese enterprises’ expenditure on R&D has reached more than 2% of GDP,Alignment with EU。Since 2000,China’s global share of patent applications is also steadily increasing,The proportion of Chinese patent applications approved by the European Patent Office in 2019 in the field of artificial intelligence was 6%,Accounting for 11% in the information and communication technology field。

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Guntram Wolff, director of the Bleuzer Institute for International Economics, told this reporter,The nj bet365 is an important outcome of regional cooperation,Aroused widespread attention in Europe。European circles are actively debating what kind of trade nj bet365 should be reached in the future。Many scholars advocate that the EU joins the Comprehensive and Progressive nj bet365 for Trans-Pacific Partnership (CPTPP),But in fact,The EU has signed bilateral trade agreements with the main signatories of the nj bet365。Thus from an EU perspective,The key to truly promoting economic cooperation lies in China-EU bilateral economic, trade and investment cooperation,And the signing of the China-EU Investment nj bet365。Need to create a fairer business environment in the future,And a mutually beneficial investment relationship,To promote the conclusion of the China-EU Investment nj bet365。

Rolf Langhammer, a professor at the Kiel Institute of World Economics in Germany, said in an interview with this reporter,The signing of the nj bet365 promotes the development of regional free trade,And will speed up the negotiation and signing of the China-EU Investment nj bet365。This nj bet365 integrates ASEAN and China since the 1990s、Japan、South Korea’s multiple bilateral free agreements,Digital trade can still be done in the future、Foreign direct investment dispute resolution mechanism,As well as deepening regional cooperation in areas such as sustainable development。From an EU perspective,The nj bet365 is of great significance to regional cooperation and development in Asia,Enhance the stability of regional cross-border supply chains,Critical for EU suppliers and producers within the region。The future negotiations on the China-EU investment nj bet365 will reach more consensus on foreign direct investment。

Dadush said,On the technical aspects of trade negotiations,The nj bet365 may prompt the EU to develop a new business strategy for Asia。A new Asian business strategy should consider the following three points: Building closer relations with China,This is the most challenging but also the most rewarding path;Join the Comprehensive and Progressive nj bet365 for Trans-Pacific Partnership;Accelerate the process of bilateral agreements with other Asian countries。For EU trade policy,The most critical thing is trade cooperation with China。China and Europe are important trading partners for each other,To accelerate trade progress with China,Need to speed up investment nj bet365 negotiations with China。Europe intends to maintain and strengthen economic relations with China under strict conditions,This will send an important message to China。

Editor: Cui Cen
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