|Table of Contents|

RCEP investment facilitation provisions and their implications(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2021年02期
Page:
24-29
Research Field:
国际经济与贸易
Publishing date:
2021-03-10

Info

Title:
RCEP investment facilitation provisions and their implications
Author(s):
ZHANG Liqing; SUN Jin
1. School of Finance & Center for International Finance Studies, Central University of Finance andEconomics, Beijing 100081, China; 2. School of International Economics and Trade, CentralUniversity of Finance and Economics, Beijing 100081, China
Keywords:
Regional Comprehensive Economic Partnership(RCEP);  trade agreement;  free trade zone;  trade facilitation;  Association of Southeast Asian Nations(ASEAN);  industrial chain restructuring;  negative list;  investment liberalization
PACS:
F744; F125
DOI:
-
Abstract:
In order to analyze the impact of the Regional Comprehensive Economic Partnership(RCEP)on the industrial chain restructuring in the region, China’s supply chain restructuring and the development of pilot free trade zones, this paper studies the investment facilitation provisions in the RCEP and the development sources of investment facilitation between China and RCEP member countries. According to the study, the RCEP has more detailed provisions and rules on investment facilitation, better execution and operability, compared with the relevant trade agreements signed in recent years between China and ASEAN, China, Japan and South Korea, China and Australia, and China and New Zealand in terms of dispute prevention and coordinated settlement of foreign investors’ complaints. RCEP will promote the formation of a free and unified market in the Asia-Pacific region, promote industrial integration and optimization of division of labor in the region, and promote the liberalization of investment and capital flow. Within the framework of high-level RCEP regional cooperation, we should leverage China’s advantages of a large domestic market and a complete comprehensive supporting manufacturing system, give full play to the role of China’s pilot free trade zones, accelerate the development of investment-related legal and institutional environment, and promote high-quality "inward investment" and high-quality utilization of foreign investment. Chinese enterprises should increase investment in RCEP regions, enhance the supporting capacity of global supply chain layout for national economic and social development, establish a "going out" framework that is more in line with global supply chain layout and development, and accelerate industrial upgrading.

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Memo

Memo:
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Last Update: 2021-03-10