ASEAN countries look at the door of opportunities for RCEP

On May 23, the RCEP regional development media think tank Forum jointly sponsored by the Propaganda Department of Hainan Provincial Committee, China Daily, China (Hainan) reform and Development Research Institute and the Institute of free trade port with Chinese characteristics was held in Haikou. Representatives from ASEAN countries such as Thailand and Indonesia expressed their keen expectations for the implementation of RCEP.

In his opening speech, Thai ambassador to China atayu xisam pointed out that RCEP is conducive to the "seamless" docking of products, services and investment among Member States. Thailand played an important role in promoting the substantive progress of the negotiations during its presidency of ASEAN. Novel coronavirus pneumonia will be an accelerator for Asia Pacific Trade and investment. RCEP will be an economic recovery tool for the epidemic in the context of the new crown pneumonia epidemic situation. It will help ensure that the market is open and the supply chain is not interrupted. RCEP will be a new tool for the economic development of the Asia Pacific region. RCEP will change the way regional and global investors operate and open up more ways of cooperation for Asia Pacific trade development.

The novel coronavirus pneumonia and the Deputy Ambassador Dino, also said in his speech, RCEP embodies the idea of building a community of human destiny. It has brought positive signals to the economic recovery after the outbreak of the new crown pneumonia, which is conducive to maintaining regional trade and economic development and creating common growth opportunities for participants. Indonesia, Indonesia and China have maintained good trade relations and hope that under the framework of RCEP, the economic and trade relations between the two countries will be further deepened. He hoped that the rapid development of Hainan free trade port will further promote the economic and trade development between China and Southeast Asian countries and other members of RCEP.

At the think tank sub Forum on "RCEP regional economic cooperation and Outlook", guests from ASEAN countries such as Singapore, Philippines, Malaysia and Myanmar made in-depth discussions and suggestions on promoting RCEP regional economic cooperation through online and offline ways.

Haofuman, director of East Asia Institute of the National University of Singapore, pointed out that RCEP not only provides impetus for economic globalization and regional economic integration, but also improves the efficiency of production chain. He suggested that RCEP should set long-term goals and take corresponding measures to maximize the efficiency of regional economic integration; RCEP should strengthen cooperation, welcome and embrace the accession of countries including India, promote the institutionalization of RCEP cooperation and further promote the ASEAN integration process.

In the long run, RCEP will vigorously promote the development of regional economic integration in Asia, said arnonan, chairman of the Philippine foreign relations committee. At present, some ASEAN member countries have joined both RCEP and cptpp, which need to strengthen the synergy effect to improve efficiency. He believes that openness, transparency, trust and reciprocity are the key to further development of RCEP. Novel coronavirus pneumonia and social risks should be further strengthened in this regard.

Horiza hazri, executive director of the Malaysian Institute for strategic and international issues, pointed out that the signing of RCEP is a great achievement in the development of regional economic integration, but the signing is only the first step and there is still much work to be done. Countries need to accelerate the process of ratification and entry into force, further deepen connectivity, promote economic integration and focus on sustainable development. He believes that if the members of RCEP can unite to further promote economic and trade exchanges, promote innovation and sustainable development and improve the well-being of the whole society, Asian economic development will usher in a bright future.

Shi Zhiguang, Minister of Malaysia's embassy in China, also said RCEP will have a positive and important impact on member states such as Malaysia. once RCEP comes into effect, Malaysia's GDP is expected to grow by 1 per cent a year over the next 10 years. To promote the implementation of RCEP, we should further promote economic trade and investment cooperation among RCEP member countries, pay more attention to industrial participation among Member States, and SMEs in RCEP member countries should deepen cooperation and help small and medium-sized enterprises improve their digital capabilities in manufacturing processes and marketing products.

Dushihinwu, economic counsellor of Myanmar Embassy in China, believes that Myanmar has been joining ASEAN trade area for a long time, but RCEP will bring greater and far-reaching impact, which will help Myanmar expand market access, promote Myanmar to enter dynamic markets such as China, Japan and South Korea, and further strengthen economic and trade ties and economic and technological cooperation between Myanmar and other countries, New jobs have been created for Myanmar. She said Myanmar would promote the development of international supply chain and actively strengthen regional trade cooperation.

Source: Linyi Council for the promotion of international trade