1. LINE

      Text:AAAPrint
      Economy

      China set to ramp up FTA program

      1
      2015-12-18 08:51Global Times Editor: Li Yan

      Agreements can boost reform, global integration: expert

      China will quicken the pace of signing new free trade agreements (FTAs) with neighboring countries and regions, with the aim of establishing a global FTA network and better serving the country's economic development, according to guidelines posted on the central government's official website on Thursday.

      In the short term, China needs to speed up FTA negotiations with neighboring countries and regions and lift the level of trade liberalization in existing FTAs, the guidelines said. The country also aims to have at least the same proportion of foreign trade with its FTA partners as most developed and emerging economies do, according to the guidelines.

      For the long term, China hopes to expand its FTA network from neighboring countries and regions, as well as countries along the route of the "One Belt, One Road" initiative, to major regional economic groups globally, the guidelines said.

      "The guidelines indicate that the country sees developing FTAs with other countries and regions as a long-term strategy, which will bring a bright future for the development of foreign trade," Bai Ming, a research fellow with the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Thursday.

      FTAs offer a way for China to further open up to the world and accelerate domestic reforms, Bai said, noting that they also help to integrate China into the global economy.

      So far, China has signed 14 FTAs, 12 of which have been put into effect, covering 22 countries and regions, according to a statement released by the Ministry of Commerce (MOFCOM) on Thursday.

      China's free trade partners include members of the Association of Southeast Asian Nations (ASEAN), as well as Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland, Switzerland, South Korea and Australia.

      China is also currently pursuing FTA negotiations with other countries, including Norway and Sri Lanka, the MOFCOM statement said.

      As well as expanding the number of its FTA partners, China also needs to enhance the quality of the cooperation, Bai said. China's close cooperation with ASEAN, South Korea and Australia is of great importance to foreign trade, he noted, adding that there is still potential for building on those relationships.

      The FTAs that China has signed with South Korea and Australia will become effective on Sunday, MOFCOM said earlier in December.

      With full implementation of the agreement with Australia, tariffs will be lifted on 95 percent of Australian exports, and obstacles will be reduced for Chinese businesses to invest in Australia, Xinhua News Agency reported in June.

      It also means that Chinese consumers will be able to buy Australian goods such as beef, dairy products and wine at lower prices.

      The guidelines also called for more trial programs in domestic pilot free trade zones.

      "Many trials have already been put into effect in the finance sector in the China (Shanghai) Pilot Free Trade Zone," which could help in developing new FTAs, Zhou Yu, director of the Research Center of International Finance at the Shanghai Academy of Social Sciences, told the Global Times on Thursday.

      "Experience will be helpful for the country in cooperating with other economies in the future, and can help to reduce potential risks," Zhou said.

      Besides expanding China's FTA network, the guidelines also encourage the opening-up of the services sector in areas including finance, education, culture, and healthcare, and access requirements should also be relaxed for sectors such as child and elderly care, architectural design, accounting and auditing, logistics and e-commerce.

      Further opening-up of the services sector will be helpful in adjusting the country's economic structure and in creating new sources of employment, the guidelines said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 免费女人18毛片a级毛片视频| 午夜视频在线免费观看| 国产成人1024精品免费| 国产三级在线免费观看| 国产成人久久AV免费| 亚州免费一级毛片| 午夜一级毛片免费视频| 亚洲精品无码99在线观看| 成人毛片100免费观看| 久草免费福利资源站| 97热久久免费频精品99| 国产网站在线免费观看| 奇米影视亚洲春色| 久久久久亚洲精品日久生情 | 91免费人成网站在线观看18| 日韩不卡免费视频| 国产乱色精品成人免费视频| 亚洲一区二区三区影院 | 亚洲高清一区二区三区| 国产尤物在线视精品在亚洲| baoyu116.永久免费视频| 美女黄频视频大全免费的| 女同免费毛片在线播放| 猫咪社区免费资源在线观看| 99久久精品免费视频| 美女被免费视频网站a国产| 亚洲欧洲无码AV电影在线观看 | 国产av无码专区亚洲av果冻传媒| 亚洲国产综合精品中文第一区| 亚洲综合一区二区三区四区五区 | 亚洲国产精品无码久久九九大片| 国产成人无码免费看片软件 | 91精品免费观看| 国产成人免费ā片在线观看| 亚洲成AV人片在WWW色猫咪| 亚洲色大成网站www久久九| 中国一级全黄的免费观看| 久久精品女人天堂AV免费观看| 91麻豆国产自产在线观看亚洲| 亚洲一线产品二线产品| 中文字幕无线码免费人妻|