The signing amount of the 19th China-ASEAN Expo project reached a record high, and China-ASEAN cooperation ushered in new opportunities.

CCTV News:The 19th China — ASEAN Expo September 16th — It was held in Nanning, Guangxi on the 19th. According to the analysis, taking China-ASEAN Expo as the window, the outside world witnessed the first year of the implementation of RCEP, China — ASEAN cooperation has continuously released vitality and achieved fruitful results, and regional economic integration has injected new kinetic energy.

This year marks the first year of China-ASEAN comprehensive strategic partnership and the first year of RCEP’s effective implementation. This year’s China-ASEAN Expo will "share the new opportunities of RCEP and boost China — With the theme of ASEAN Free Trade Area Version 3.0, ASEAN and RCEP boutique exhibition areas were established for the first time, and 267 investment cooperation projects were signed in a centralized manner, with a total investment of 413 billion yuan, and the contracted amount reached a record high.

Since the entry into force of RCEP, the trade dividend has been continuously released, and the economic and trade investment has been upgraded. According to data from the General Administration of Customs of China, in the first eight months of this year, China’s import and export to ASEAN increased by 14% year-on-year. In the same period, the import and export of China and other 14 member countries of RCEP increased by 7.5% year-on-year. Based on the opportunity of RCEP, enterprises located in Foshan, Guangdong Province have opened a new cross-border e-commerce mode of transferring Guangxi Friendship Pass to Southeast Asia, realizing "10 hours short-distance transportation +2 hours fast customs clearance". Since the beginning of this year, the import and export volume of Foshan to the agreed countries has increased by 14.1% year-on-year.

Wang Qing, Deputy Director of Customs Business Division I, Foshan, Guangdong:1-mdash this year; In August, Foshan Customs issued a total of 4,557 certificates of origin involving RCEP, involving an amount of US$ 222 million, saving enterprises more than 25.6 million yuan in taxes and fees.

1-mdash this year; In July, the import and export of Guangxi, Brunei, Myanmar and Cambodia increased by 374.7%, 168.3% and 73.5% respectively. The ASEAN fruit imported from Guangxi Port reached 354,000 tons, and more fruits arrived at Chinese’s table faster.

Participants said that the industries of RCEP member countries are highly complementary, which will help to improve the security, stability and openness of the regional industrial chain supply chain. Although the epidemic has not yet ended, the import and export volume of RCEP member countries continues to grow, showing the resilience of regional economic development and the positive role of RCEP in consolidating regional supply chains.

Experts believe that China and ASEAN, the two most dynamic markets with the greatest growth potential, will be further integrated with the open and inclusive institutional arrangements for trade and investment liberalization and facilitation, which will inject new momentum into regional economic integration.

Chi Fulin, Dean of China (Hainan) Reform and Development Research Institute and Dean of China Characteristic Free Trade Port Research Institute:The effect of RCEP policy is gradually emerging, because RCEP adheres to a combination of openness, inclusiveness, sharing, traditional issues and new issues, which not only benefits the developed countries in this region, but also benefits the underdeveloped countries in this region.

The analysis points out that although the anti-globalization trend of thought has brought a strong impact on the world economy, the cooperation of global value chains is still becoming closer and closer, and the economic increment brought by RCEP can not only benefit itself, but also improve the world economic growth expectation.