This morning, the RCEP Economic and Trade Cooperation High-level Forum was held in Qingdao, Shandong. This forum was co-sponsored by China Chamber of International Commerce and Qingdao Municipal People’s Government, co-organized by Shandong Council for the Promotion of International Trade, Shandong Provincial Department of Commerce, Shandong Provincial Port Group, Qingdao Municipal People’s Government of Shibei District, Qingdao Council for the Promotion of International Trade (City Exhibition Office), Qingdao Municipal Business Council Bureau, Qingdao Municipal People’s Government Foreign Affairs Office, Qingdao International Cruise Port Service Management Bureau. Gao Yan, president of China Council for the Promotion of International Trade and China Chamber of International Commerce, attended the forum and delivered a speech. China Council for the Promotion of International Trade, China Chamber of International Commerce Vice President Zhang Shaogang presided over the forum.
In order to implement the "RCEP Joint Statement of Leaders", promote the early entry into force of the RCEP Agreement, and support the construction of a transparent, open, inclusive, non-discriminatory, and rule-based multilateral trading system, at this forum, the trade promotion agencies and chambers of commerce of RCEP member countries discussed and discussed together Initiated the Qingdao Initiative on Jointly Promoting RCEP Regional Economic and Trade Cooperation. The full text of the proposal is as follows:
About the Qingdao Initiative for Jointly Promoting RCEP Regional Economic and Trade Cooperation
April 25, 2021
On November 15, 2020, during the Fourth Regional Comprehensive Economic Partnership Agreement Leaders’ Meeting, 15 countries in the Asia-Pacific region formally signed the Regional Comprehensive Economic Partnership Agreement (hereinafter referred to as the RCEP Agreement). As the free trade zone with the largest population, the most diverse membership structure, and the greatest development potential in the world, the signing of the RCEP agreement will surely add new momentum to the development and prosperity of the region and contribute new forces to the recovery of the world economy.
In order to implement the "RCEP Joint Statement of Leaders", promote the early entry into force of the RCEP Agreement, and support the construction of a transparent, open, inclusive, non-discriminatory, and rule-based multilateral trading system, the trade promotion agencies and business associations of RCEP member countries discussed and jointly initiated the "About Joint Advancement" RCEP Regional Economic and Trade Cooperation Qingdao Initiative", and reached the following consensus:
1. We are deeply aware of the significance of the signing of the RCEP agreement to regional economic growth and global economic recovery. We believe that the RCEP agreement will further expand access to goods, services, investment and other fields and markets among member states, promote the free flow of economic factors within the region, strengthen cooperation in the division of labor among members, and stimulate the expansion and upgrading of the regional consumer market. Against the background that the current epidemic has severely impacted the world economy, the signing and implementation of the RCEP agreement will strongly promote regional prosperity and stability, and provide momentum for accelerating the recovery of the world economy after the epidemic.
2. We propose to integrate the high-quality resources of RCEP member countries and work together to reconstruct the regional industrial chain and value chain. We recognize that the RCEP agreement takes into account the demands of all parties to the greatest extent, so that economies at different levels of development, enterprises of various sizes, and various stakeholders can benefit from it. After the RCEP agreement takes effect, the expansion of industry access and the reduction of investment barriers will release huge market potential and further promote intra-regional trade and investment exchanges. Therefore, it is necessary for countries to make full use of their own advantageous industries, give full play to the advantages of member countries' factor endowments, promote the optimization and improvement of regional economic and trade rules, and promote the upgrading and reconstruction of member countries' industrial chains and supply chains through innovation and intra-regional industrial integration.
3. We call on all countries to actively build RCEP service platforms to help companies explore the markets of member countries. We encourage countries to conduct authoritative interpretation, public promotion and training of the RCEP agreement through multiple channels, to help companies make full use of the development opportunities brought about by the RCEP agreement, so that the preferential terms of the RCEP agreement can benefit the business community in the region faster and better. We expect countries to hold RCEP-related economic and trade forums, seminars, and exhibitions to help companies from RCEP member countries build a platform for exchanges and cooperation. We hope that the chambers of commerce and industry in various countries will strengthen professional services and provide practical services for enterprises to make better use of the RCEP agreement to open up the international market.
4. We hope that all countries will support local governments to try first, and promote the development of small and medium-sized enterprises and economic and technological cooperation. We support the close integration of the RCEP agreement with the development of various countries and regions, especially through the first trial of transitional clauses, to provide a replicable and extendable model experience for the efficient implementation of the economic and trade rules of the RCEP agreement. We also support the establishment of a broader platform for small and medium-sized enterprises to cooperate and encourage them to use the RCEP agreement more actively, participate in relevant economic cooperation projects, and better and faster integrate into the regional value chain and supply chain.