General

Promoting the Development of International Trade: The Ministry of Commerce is promoting the process of joining the CPTPP! On the 17th, Wang Shouwen, the representative and deputy minister of international trade negotiations at the Ministry of Commerce of China, stated that the Chinese government has submitted an exchange document to members of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) regarding China's accession to the CPTPP, indicating willingness and ability to join.

At the 2023 APEC Business Leaders' China Forum held in Beijing on the same day, Wang Shouwen revealed that China is currently promoting the process of joining the CPTPP, conducting in-depth and comprehensive research and evaluation of over 300 articles of the CPTPP, and sorting out the reform measures and laws and regulations that need to be revised for China's accession to the CPTPP.

He stated that China has taken the initiative to align with the high standards of CPTPP domestically and implemented a pioneering reform and opening up in related fields. China has the willingness and ability to join the CPTPP, meeting its high standards. China's accession will bring benefits to all members of the CPTPP and also add new impetus to international trade and investment liberalization in the Asia Pacific region.

Wang Shouwen also stated that China will continue to open its doors for development and actively promote high-level opening up. At present, China has basically relaxed the access of foreign investment in the manufacturing industry, and is comprehensively and orderly opening up the service industry. In the future, it will also reasonably reduce the negative list of foreign investment access, launch free trade pilot zones and a nationwide negative list of cross-border service trade, and promote the development of international trade.

He stated that China will vigorously attract foreign investment and welcome foreign enterprises to invest and prosper in China. Investing in China means obtaining a huge market of 1.4 billion people, ensuring a safe, stable, and efficient entire industry supply chain. It also means obtaining more high-quality and convenient investment services and a more transparent and stable business environment. The increasingly open Chinese market helps multinational enterprises truly achieve their own development and enhance their competitiveness in the global international trade market

(Translated from: China News Network)