Social Theory November 5, 2019
The 35th Asian Security Summit was originally expected to complete the consultation of the Regional Comprehensive Economic Partnership Agreement (RCEP), but it was delayed again due to the temporary request of India.Thailand issued a statement on Sunday on Sunday on Sunday, the Asian Security Summit issued a statement saying that the relevant agreement will not be signed this year. The members of the Asianan member country and the six countries participating in the RCEP subsequently promised to sign in February next year.
RCEP is a free trade agreement proposed by China, India, Japan, Japan, South Korea, Australia and New Zealand. The negotiations have been concluded for seven years since November 2012.The 16 participating national population accounts for nearly half of the world, and the total domestic GDP (GDP) has a total of approximately US $ 2.2.6 trillion (about S $ 3.7 trillion), accounting for about 30%of the global GDP. Once the agreement is finalThe maximum free trade zone, so RCEP provides a beautiful scenery of a huge community.
At present, the Sino -US trade war that is not expected to be resolved is still not seen, and the trade and economic growth of various countries will be severely disrupted. The downward pressure on the global economy has continued to increase. Complete the details of RCEP's details as soon as possible to create a strategic free trade zone, or it can reverse to reverseThe current situation of global economic decline.
Participating in countries intending to speed up the most tricky terms of RCEP, its driving force comes from the Sino -US trade war that has detonated after Trump took office.This 15 -month tariff war has led to the slowdown in the regional economic growth to the slowest in five years.RCEP must promote an open, tolerant and rules -based international trade system. It hopes to reduce the impact brought by the Sino -US trade war. Through the formation of the free trade zone, it has stimulated regional economic growth, expanding trade networks and investment flows.An urgent task.
However, RCEP is not only an alliance of economic and trade cooperation, but some countries are also worried about the changes in geopolitics, including the further strengthening of China's political discourse rights in Asia and becoming a market manipulated by a major country.Commodities will pour a lot; as a large population country, India is based on the open population market as a condition, and other countries are allowed to allow Indian nationals to flow freely.No matter what new requirements India has made, the RCEP process supported by China has been hindered.
Some countries have proposed the possibility of advancing RCEP forward without including India, but India has not yet publicly stated that it would withdraw.In addition, the huge markets of China and India cannot be ignored. This is also the reason for Prime Minister Li Xianlong at the Asia Simpan Summit that the Asianianan should deepen the connection with the two economies of China and India to open up new business opportunities for the region.
Although the US Minister of Commerce Ross interviewed Bloomberg News on Sunday last Sunday, he was optimistic about the signing of the first phase of the trade agreement in the United States and China this month.Just starting, China must find a larger market to digest a large number of exported products stuck by US tariffs.
Chinese Prime Minister Li Keqiang issued a statement after meeting with Southeast Asian leaders, pointing out that completing RCEP negotiations as soon as possible will laid the foundation for East Asian economic integration.The 10 countries in Yajia'an and China issued a joint statement on the cooperation between the Belt and Road Initiative and the overall planning of the Belt and Road Initiative with the Asia Jiajia'an Interconnection last Sunday, showing that the two parties have understood that they must strengthen partnership relationships based on common interests.
At the last two sessions, Trump and Vice President Pence led a group to participate. This time, the United States only sent low -level representatives to attend, but it cannot be understood as the United States has abandoned the increasing regional influence of China, or reduced the reduction of China ’s increasing regional influence, or reduced it to reducePay attention to this area.US Minister of Commerce Ross emphasized when attending the India -Pacific Business Forum in Nuanwu Lifu, Thailand yesterday that the United States is still the largest direct investment country in the region. As of the end of last year, the US investment in the United States in the Indo -Pacific region reached $ 866 billion (117,000S $ 100), far higher than China.
Although the free trade agreement that contributes to multilateral mechanisms must still face different political fetters of various countries, in the face of possible economic recession or another financial crisis, Asia Fine Anbei has no choice, it is necessary to speed up RCEP negotiations.Only the partnership between the country can overcome the economic crisis in front of them.
