在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Opinion

High-standard FTAs to promote China's reforms

By Luo Jiexin (chinadaily.com.cn) Updated: 2014-03-12 22:07

It's not new to see the Chinese government pledges to embrace free trade initiatives, but it is new when Premier Li Keqiang specified in his Government Work Report that China must actively participate in developing "high-standard" free trade areas (FTAs).

It was the first time that the term, "high-standard" FTAs, was used in a Government Work Report. This can be seen as a sign of China openness toward, if not increasing interest in, the United States-led Trans-Pacific Partnership (TPP) talks, among some other deals it is negotiating.

As the World Trade Organization negotiations make little progress, the US is promoting its own agenda of creating a set of high-level free trade standards. The TPP is serving this strategy.

Although TPP talks are conducted in a closed-door way, there is little doubt that the pact will create the world's highest-standard FTA, with the potential to provide a template for other free trade initiatives to follow.

Media reports have revealed that the talks not only focus on trade of goods, but also aim to create an open market in terms of investment. In this sense, the TPP is more like an all-round free-economy pact that promotes regional integration and openness. The pact has high thresholds, with a focus on dismantling investment barriers. It features minimum government intervention into the enterprise sector, greater protection of the environment, respect of labor rights and equal treatment of foreign and home players.

All these are also goals that China' reforms are heading for.

Although it is generally believed that China is not keen to become a founding member of the TPP, the country clearly does not want to be left behind by the new trend that is taking shape in the global trade.

After South Korea started negotiations to join the TPP, China becomes the only East Asian giant that is away from the talks.

Whether China should join the TPP right now is open to debate, but it is not for debate that the country should seriously think of embracing high-standard free trade deals to propel its long-awaited opening-up in the service sector and reforms of its investment system.

Fears of facing international competition should now be thrown into the dustbin, since past experience has proven that the country, with its market size and labor pool, can gain much more than what it loses by embracing globalization.

Since China became a World Trade Organization member, it has emerged as the world's largest exporter and has also recently become the largest trader of goods, overtaking the US.

The economy opened up as authorities reduced tariffs, dismantled trade barriers and undertook reforms in the trade system in keeping with the WTO commitments.

Another remarkable progress lies in the country's quick mastery of the global trade rules and its skillful use of them.

In the first few years since the WTO entry, Chinese companies were reluctant to answer lawsuits when they were accused of dumping their products in foreign markets, partly because they had no idea of how to deal with such cases. But nowadays they respond actively, either individually or in groups, when facing similar charges. China also skillfully use trade remedy measures to protect its interest.

But when it comes to investment system, China has lagged behind and it knew very little of the global investment rules, because it didn't enthusiastically open up its services sector to foreign and private investors in the past decade.

As top Chinese policymakers are determined to leverage free trade initiatives to push for domestic reforms as it did with the entry into the WTO, the TPP stands out to be an option for the country.

Apart from that, Beijing is pressing ahead with negotiations of bilateral investment treaties with the US and the European Union. During the talks, China has been embracing globally adopted investment rules such as negative list. That was remarkable progress.

The author is a Shanghai-based analyst.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 色综合天天综合网国产成人网 | 狠狠躁日日躁夜夜躁2022麻豆 | 国产三级视频在线播放 | 99国产精品99久久久久久粉嫩 | 免费一区二区三区 | 久久国产精品免费 | 欧美性精品| 欧美日韩国 | 99精品久久久久久 | 秋霞啪啪片 | www99热| 午夜视频一区二区 | 黄色国产视频 | 日产av在线 | 国产一区福利 | 婷婷视频在线 | 精品网站999www | 五月婷婷 | www.天堂av| 欧美成人三级 | 人人草人人 | 国产尤物视频 | 成人毛片在线 | 久久综合五月天 | 国产做爰免费观看视频 | 国产一级片免费看 | 日本欧美久久久久免费播放网 | 日韩高清在线 | 成人在线观看视频网站 | 四虎入口 | 成人毛片在线 | 久久在线播放 | 欧洲色综合 | 欧美福利一区二区 | 亚洲欧美精品在线 | 久久久久久艹 | 中文字幕丰满人伦在线 | 国产综合视频在线观看 | 日本高清中文字幕 | 综合久久久 | 一区二区在线免费观看 |