国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

Scholars see good fit for China and Pacific trade pact

By YANG HAN and PRIME SARMIENTO in Hong Kong | China Daily Global | Updated: 2021-09-23 09:40
Share
Share - WeChat
[Photo/IC]

China's bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, should be seen as part of its longstanding commitment to multilateralism and free trade, experts said.

Lee Seong-Hyon, a visiting scholar of Harvard University's Fairbank Center, pointed out that Chinese President Xi Jinping had expressed Beijing's interest in joining the Pacific-focused trade pact as far back as November last year.

"That indicates China is moving along with a long-term strategy in mind," said Lee, who is a former director at the Center for Chinese Studies at the Sejong Institute, a think tank in South Korea.

China has filed an application to join the CPTPP, the Chinese Ministry of Commerce said in a statement on Sept 16.

The 11-nation trade agreement covers Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It came into force in December 2018, with the members accounting for about 13 percent of global GDP.

Taking a similar view to Lee is Thai academic Suthiphand Chirathivat.

Suthiphand, emeritus professor of economics and executive director of the ASEAN Studies Center at Chulalongkorn University in Thailand, said China's application is part of the country's long-term thinking and represents a strategic move to expand its role in the regional and global economies.

Noting that several countries from the Association of Southeast Asian Nations are members of the CPTPP and the Regional Comprehensive Economic Partnership, Suthiphand said that he expects the cooperation and integration between ASEAN and China, which are already each other's biggest trading partners, will be further deepened.

Signed in November, the Regional Comprehensive Economic Partnership is a free-trade pact between the 10-member ASEAN and five major trading partners: China, Japan, South Korea, Australia and New Zealand. It is the biggest free-trade pact to date, with the countries involved accounting for about 30 percent of global GDP.

Nawazish Mirza, professor of finance at the Excelia Business School in France, said China's move to join the trans-Pacific trade pact aligns with the country's long-term economic strategy, given its sizable contribution to global trade and its focus on openness and multilateralism.

"If the Chinese application is approved, there will be multiple benefits," said Mirza, citing prospects such as a reduction in tariffs and non-tariff related trade barriers, and better opportunities to address climate issues.

Considering the sheer market size of China and the opportunities it presents, Manu Bhaskaran, chief executive of Centennial Asia Advisors, an economic consultancy in Singapore, said that if China is included in the CPTPP, it will make the trade pact more attractive for other countries to join.

Some countries in the region have welcomed China's CPTPP application.

In a statement, Malaysia's Ministry of International Trade and Industry said it is "encouraged" by China's action.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
朝阳县| 岑巩县| 阳西县| 平江县| 西峡县| 抚松县| 财经| 三亚市| 霍山县| 墨江| 廉江市| 赤城县| 凌云县| 高阳县| 乐昌市| 观塘区| 安义县| 黔西县| 彩票| 上杭县| 金川县| 清河县| 奉新县| 惠水县| 阿瓦提县| 高青县| 西林县| 乐都县| 定南县| 九龙县| 当雄县| 邢台县| 康平县| 修武县| 丰都县| 凉城县| 诏安县| 驻马店市| 白朗县| 东乡族自治县| 奉新县|