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Xu Ningning China - ASEAN free trade zone covering 1

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					Xu Ningning: China - ASEAN free trade zone covering 1.9 billion people
is more complementary

 China - ASEAN chief business experts, China - China-ASEAN Business
Council Deputy Secretary-General Xu Ningning

  Expert: ASEAN should play a leading role in East Asian integration,
regionalization of RMB is a matter of time
Core Tip: Due to political turmoil in Thailand, originally scheduled
for April 10 to 12 of the ASEAN meeting was postponed for several
months held in China - ASEAN chief business experts, China -
China-ASEAN Business Council Deputy Secretary-General Xu Ningning
guest Sohu studio, for everyone concerned about the meeting of China -
ASEAN Free Trade Area to communicate with users. He believes that the
success of the first free trade zone is essential to China's
future trade zone, China - ASEAN trade area than the North American
Free Trade Area and the European Union more complementary, East Asia
regional integration of ASEAN should play a leading role, the RMB
China - ASEAN regional only a matter of time.
The success of the first free trade zone is essential to
China's future trade zone
Moderator: Xu Secretary-General, East Asia Summit postponed, but 2010
- the establishment of the ASEAN Free Trade Area is not great.
Southeast Asia since the sixties and seventies of last century since
the economy is the rapid, despite the 1998 Asian financial crisis, but
so far recovery is still very good. More than 1.3 billion with China
in Southeast Asia more than 500 million people, these 19 billion
people on the bilateral free trade area, Asia and the world does that
mean? China's economy on the economic crisis to re-map the
layout mean?
Xu Ningning: China - ASEAN Free Trade Area, not only for China and
ASEAN trade and economic cooperation between the great impetus for
economic growth of countries in the region, between countries within
this region for cooperation in various areas of full swing, have a
great role in promoting and China - ASEAN Free Trade Area of the East
Asian economic integration has generated a great role in promoting the
practice has proved that, in recent years, following China and the
ASEAN Free Trade Area, the Japan and the ASEAN Free Trade Area of th
construction, South Korea and the ASEAN Free Trade Area of the
construction, we are optimistic about ASEAN, and ASEAN Free Trade Are
of the construction, which is conducive to the development of ASEAN
and the ASEAN's own economic integration.
For China, this is the first established with foreign free trade zone,
China is now even went to some other countries in the FTA
negotiations, or are under construction, built the first free trade
zone, then the free trade zone on the back have some effect. In
particular, China - ASEAN Free Trade Area between China and ASEAN to
promote cooperation through close cooperation, the common response to
the current global financial crisis is of great practical
significance.
China and ASEAN trade in 2008 reached 231.1 billion U.S. dollars, rose
by 14%, growing faster. Since 2004, China and ASEAN signed the peace
and prosperity-oriented strategic partnership action plan following
the Joint Declaration, which China and ASEAN cooperation in various
fields is the momentum was in full swing, as the multi-dimensional,
three-dimensional view of cooperation, can be said that the
relationship between China and ASEAN in the past has never been so
prosperous today.
Moderator: You mentioned the relationship between China and ASEAN ha
never been so on fire, and another has also been mentioned, the
world's largest trade zone, the so-called world's
largest free trade area, many users probably do not know.
"Max" is reflected in what? What are the specific
data?
Xu Ningning: Talking about the most, the main population, and this is
a significant concept, China - ASEAN Free Trade Area, compared with
other free trade zones have the following characteristics:
First, the largest population. 1.9 billion consumers, which is a huge
market, the market would help attract funds from outside the region,
as some countries outside the region a great look at this market, have
come here to invest, including the development of trade.
Second, this is a free trade zone formed by developing countries.
Third, is a big country and a regional international organization
established free trade zone.
Fourth, China - ASEAN Free Trade Area of the establishment of such a
huge systematic project, very quickly. Since 2000, when Chinese Prime
Minister Zhu Rongji proposed that China and ASEAN to establish free
trade relations, so far, can be a big step in the development of a
year.
China and ASEAN countries signed the deal with the trade agreements
between countries
Moderator: Can you talk about the two recent FTA negotiations, which
concern both the core issues and problems left over?
Xu Ningning: This is our concern to many Chinese companies, because
this is our first free trade zone established, ASEAN is also our
neighbors, our easiest Chinese enterprises to go out an area, while
Southeast Asia is the world's The most concentrated areas of
Chinese, ASEAN member Chinese business part of the economy has play
an important, therefore, the Chinese enterprises to go, Southeast Asia
is an important local choice.
China - ASEAN Free Trade Agreement negotiations and implementation,
mainly the following aspects:
First, the ASEAN countries are party to establish a free trade area
with us, and the ASEAN side of the 10 national economic development
levels, as Singapore's per capita GDP of Laos with 100-fold
difference between the level of economic development is different,
political and economic system is not the same as , religious beliefs
are different, there are Muslim-majority countries like Indonesia,
Malaysia, Brunei, there are Christian countries, such as the
Philippines, also a predominantly Buddhist country, like Burma,
Thailand, so our partners is composed of such number of countries. In
general, the relatively poor level of economic development more
difficult to lower tariffs, because a considerable portion of its
revenue comes from tariffs, so the negotiations within ASEAN, there
are coordination problems, lack of coordination if the own good, it is
difficult to reach a consensus . Greater levels of economic
development for the difference, reflected in the different treatment
protocols, such as trade in services agreements with 11 accessories, a
country in an annex, opening up trade in services between different
areas of the market. Trade in Goods Agreement, each open trade in
goods market is divided on several levels: first, higher level of
economic development of ASEAN 6 countries (Singapore, Malaysia,
Thailand, Indonesia, the Philippines, Brunei), the first open to the
January 1, 2010, between the normal products we have to abolish
tariffs, which is a timetable. We are now four new ASEAN member
countries, the normal products tariffs down to zero time is 2015, four
new members are Vietnam, Laos, Myanmar, Cambodia. This is the first
problem we encountered.
Second, how to open their investment. Now ASEAN investment in China is
far more than our investment in ASEAN. Investment from the current
situation, the ASEAN investment in China has more than 500 billion
U.S. dollars, China's investment in ASEAN is 60 billion
dollars, that is, the Chinese enterprises to enter the Association of
Southeast Asian Nations, where investment, development is not a lot,
but the signing of investment agreements solve this problem to some
extent, help to promote Chinese enterprises to ASEAN to. This is now
the longest talk time, and it is placed in the final investment
agreement signed, this just talking about the.
Third, trade in services. Market liberalization of trade in services
because it involves a number of sensitive areas, in January 2007, we
signed the agreement on trade in services, the first open group, which
continued to talk about opening up the second round. I think after the
signing of investment agreements, with the basic establishment of free
trade, open to the second round of service trade, according to the
situation and talk.
From the free trade benefits to everyone concerned, from January 1,
2004 implementation of the agreement in early 2005 on July 20 the
start of large-scale tariff reduction, and the subsequent opening up
trade in services markets, we are making gradually build a free trade
zone have tasted the sweetness of ordinary people of ASEAN tariff-free
consumer products cheaper, and now can be seen in many of our market
is full of durian, dragon fruit by the Southeast Asian tropical
fruits, seafood we consume is also cheaper ASEAN the. Another of our
companies have begun to gradually enjoy this discount, because we do
not import tariffs on products to reduce our finished products in the
processing or assembly costs, improve the competitiveness of our
products. Our products are not exported to the ASEAN tariff to improve
our export competitiveness. Open market according to the timetable,
China - ASEAN Free Trade Area has entered the countdown, is also only
8 months, China - ASEAN Free Trade Area will be basically completed.
Why is it called the basic built? January 1, 2010, we took the lead
with six old ASEAN member states is zero tariff trade in most
products, with the vast majority of the other four members of
zero-tariff products but also to 2015.
China - ASEAN trade area than the North American Free Trade Area and
the European Union more complementary
Moderator: that will be initially established in 2010, created in the
trade area, we want to say ASEAN, Japan is not, India, South Korea has
been reached or are compared to the FTA negotiations, or
re-amplification of some, and the North American Free Trade Area or
the European Union, China - ASEAN Free Trade Area of the advantages
and behind?
Xu Ningning: Now in the middle of the global world economy, two
trends, one is economic globalization, a regional economic
integration.
Economic globalization has some negative effects, in response to the
negative impact of economic globalization in recent years worldwide
rapid development of regional economic integration. So far, to free
trade as the main form of regional trade preferential arrangements
300, of which one is more representative, the European Union, a North
American free trade area. China - ASEAN Free Trade Area with their
comparison, the main features are:
First, rather late. Because the two free trade zones are set up in
front of us.
Second, the extent of close cooperation, the degree of economic
integration between the two is not that high, that is not the European
Union and the North American Free Trade Area High.
Third, China - ASEAN Free Trade Area over the two free trade zone, the
low level of economic development within the region.
Fourth, we population. Our free trade far more than the two free trade
area population.
Fifth, China - ASEAN Free Trade Area is a large country with a
regional organization established free trade zone.
This is some of the major differences.
Moderator: Do you think these differences among the China - ASEAN Free
Trade Area of the main advantages of what it?
Xu Ningning: large extent the market to be developed is the first
advantage. Cancellation of the market through our barriers to
China's 1.3 billion people by the big market opening up, to
make ASEAN proximity and easier, as the years significant investment
growth in Singapore, to attract foreign investment in China last year
ranked third in Singapore, because Singapore itself of land area
small, to seek development space, a huge market in China to be
developed.
The second advantage, from the ten ASEAN nations, with our strong
economic complementarities, which complement each other to establish a
free trade zone with more and more evident. Indonesia is a big market,
there are 200 million people, in the free trade zone, China and
Indonesia could be greater cooperation. China's economic
growth requires a lot of ASEAN products, for example, China's
auto industry needs rubber; China's economic growth needs to
ASEAN's mineral resources, energy resources such as oil, gas
and coal. Therefore highly complementary to each other, with China and
the ten ASEAN countries have different complementary.
After the 1997 financial crisis, ASEAN has been able to get out the
shadow of the crisis, the overall economic growth in these years is
fine, high export growth, one important reason, is to faster export
growth, this growth rate far exceeds the Association of Southeast
Asian Nations to Japan, the United States, the growth rate of exports
to the EU.
ASEAN regional integration in East Asia should play a leading role in
enabling cooperation between East Asia
Moderator: 2004, 2005, China, Japan has signed free trade agreements
with ASEAN, almost synchronous. Japan-ASEAN free trade between the
difference in where?
Xu Ningning: We are taking the first step, we first establish a free
trade area with ASEAN, Japan is close behind. As we all know, free
trade can be made through the elimination of tariff and non-tariff
barriers within the region particularly close economic relations
between countries, which will affect the economic relations are
particularly close to other closely, like political relations.
Moderator: the existence of outsiders as a struggle between the
economic dominance it?
Xu Ningning: This I do not entirely agree. Open markets in China and
the ASEAN free trade area, the Japanese took the development of free
trade relations with ASEAN as a very important position to consider.
After all, Japan's economic relations with ASEAN are very
close, Japan attaches great importance to economic relations with
ASEAN countries. In the January 1, 2002, Japan and Singapore was the
first to open up the market, because Singapore does not have much of
agriculture, almost no agriculture, the first choice of Singapore,
Singapore FTA has been particularly active, as Singapore is an island
of freedom, in itself is no tariff, so willing to establish a free
trade area with others.
Japan adopted a "two legs" walk the way, first, with
a number of countries are establishing free trade zones, free trade
zone is 1 +1, respectively, with the Philippines, Indonesia, Thailand,
Malaysia, Vietnam and other countries to talk about building a + a
bilateral free trade zone. The second is Japan with the ASEAN Free
Trade Area. With the ASEAN countries signed an agreement establishing
a free trade area, relatively speaking time than we should be
postponed, because the agriculture talks are more strenuous. However,
Japan and the ASEAN free trade agreement signed recently, relatively
speaking, more full content, including investment.
Questions about the initiative have, in fact, is a general discussion
of the dominance of East Asian economic cooperation, not dominance
between China and the Association of Southeast Asian Nations, ASEAN
and Japan initiative. Among the East Asian regional cooperation
initiative, given the multi-cause, the Chinese government advocated by
the Association of Southeast Asian Nations play a leading role. Why
mention it?
First, the ASEAN Free Trade Area which is the first launch, the
Association of Southeast Asian Nations from the 1992 establishment of
the ASEAN Free Trade Area, is the first start. We signed a series of
agreements with ASEAN, including the opening of the market model, to a
certain extent, are the light of the ASEAN Trade Area of the model.
Second, ASEAN and the three countries signed a free trade agreement,
building free trade area, is with China, Japan, South Korea signed a
free trade agreement of 10 +1, it is centered ASEAN agreements signed
while in Japan and South Korea have no consensus reached in this
regard. This is the second, we advocate the ASEAN economic cooperation
in East Asia play a leading role.
Third, keep in Japan and Korea in the East Asian economic cooperation
initiative in battle.
We should not over-value ownership issue, but should this situation,
to regional growth as the most important. I while ago to visit Japan,
ASEAN - the Japanese center, talks with the Centre for the
Secretary-General specifically twice, each time in 2 hours or more
in-depth exchanges. He said cooperation among East Asian countries
should play a leading role in ASEAN, China and Japan should be. I
speak with the Secretary-General, ASEAN played a leading role in
economic development is conducive to ASEAN, which is also beneficial
to the development between East Asia.
FTA negotiations with ASEAN countries, there is no compromise on
national interests, but will consider the Association of Southeast
Asian Nations
Moderator: free trade would mean the opening up of their markets,
competition.
Set aside political considerations at the strategic level, many users
will ask China to do so in the country and the people the tangible
benefits of that?
Xu Ningning: China's reform and opening up, economic
development requires a stable surrounding. 1997 financial crisis has
made us feel deep in Southeast Asia if the instability directly affect
China's economic growth, then in 1997 we withstand enormous
pressure. Free Trade Area through the construction of this market
opening, China and ASEAN to establish close economic relations that
can make each other come together to address global economic number o
problems. In response to today's global financial crisis,
China and ASEAN have been more of a force.
Moderator: To achieve this level, you said that mutual cooperation and
jointly cope with the crisis of power, we are not to do some
compromises and compromises?
Xu Ningning: There compromise and concession, I have just talked
about, China has enforced harmony, security and prosperity to
neighbors of foreign policy, we hope to become rich neighbors, hope
that ASEAN has grown rich through the construction of free trade zone
is to achieve foreign policy specific expression. Free trade
negotiations in the above, we bargain with each other must take into
account their own national interests, and we fully take into account
in the negotiations among the actual situation of the Association of
Southeast Asian Nations, full account of how we built the free-trade
zone, into a mutual benefit and win-win free trade zone. Including our
first and initial selection of the agricultural market opening is to
consider a number of ASEAN countries are mainly agricultural country,
beginning in the construction of free trade and opening markets for
agricultural products will help ASEAN agricultural exports.
The face of the current global financial crisis, we consider the
actual situation of the ASEAN and positive assistance. Like yesterday,
Chinese Foreign Minister brought up, to the Association of Southeast
Asian Nations in Cambodia, Laos, Myanmar, the three countries 270
million U.S. dollars of the special contribution of 150 billion
dollars in credit, these are support for ASEAN as soon as possible out
of the global financial crisis, which is also conducive to China -
ASEAN Free Trade Area, the ASEAN countries if the global financial
crisis, which lost in the down or the economy a big problem, it is
also difficult to cut tariffs to China, which does not help us
building a free trade zone.
Trade deficit with China for many years to dispel fear dumping of
goods of ASEAN to actively promote China-ASEAN products are sold
Moderator: Association of Southeast Asian Nations and China are
heavily dependent on exports to Europe and America as the main market,
the same structure. Empathy, will appear in Southeast Asia once
worried "As soon will become a dumping ground for Chinese
goods and raw materials appendage"?
Xu Ningning: This is the Association of Southeast Asian Nations was
first held in 2001, Brunei's capital Bandar Seri Begawan 10 +1
meeting, some ASEAN leaders raised this issue because the cost of
Chinese products have strong competitive advantages, our Products with
the Association of Southeast Asian Nations in the international market
have a competitive, our products with their products of ASEAN in the
ASEAN market competition, which was then in 2001, some ASEAN countr
concerned, especially after opening up the market impact of the ASEAN
SME for these cases, a few years ago all of China trade deficit, the
largest deficit in the period is 20 billion U.S. dollars, last year
China's trade deficit was 2.7 billion U.S. dollars,
China's imports of ASEAN products, far more than the products
China exports to ASEAN. But now there is a problem, our deficit is
narrowing, compared with China's trade surplus from January to
March this year.
Moderator: We are there for the surplus, does not mean that they are
worried about the situation.
Xu Ningning: ASEAN concern we must take full account should be
considered one of the ways that we signed an investment agreement. By
signing the agreement on mutual investment in the investment market
open, more conducive to China-ASEAN enterprises to invest in one, the
Chinese investment in ASEAN, where the product after processing, and
then sold to the Chinese market, such as agricultural processing, oil
exploration, mining and processing This product can be expanded ASEAN
exports to China. Second, yes, Chinese enterprises can be developed in
the ASEAN Investment broader international market, as ASEAN has with
other countries have free trade relations, just like with Japan,
Korea, India and Australia and the Ä¿Ç° China and these countries sign
free trade Xie Yi Mo Chinese enterprises can make use of the ASEAN
free trade with these countries offer, the ASEAN Investment products
are sold to these countries also benefit ASEAN growth.
97 financial crisis, the financial crisis of today is a good thing
under the ASEAN countries
Moderator: 97 Asian financial crisis and this financial crisis is any
difference?
Xu Ningning: First, since the financial crisis a decade ago in
Southeast Asia, mainly in July 1997 the Thai baht devaluation, direct
spread to other Southeast Asian countries, and this financial crisis
from the United States.
Second, after the financial crisis of 1997, ASEAN in responding to
lessons learned from the financial crisis, strengthened in response to
the financial crisis, preventative measures, including settlement of
bad loans, supervision of financial institutions, the East Asian
countries to strengthen financial cooperation, in response to the
current financial crisis has provided a basis. From this point, the
1997 financial crisis, a bad thing into something good, this financial
crisis hit Southeast Asian countries are not as big in 1997.
Thirdly, since the establishment of China-ASEAN free trade area with a
number of countries have also set up free trade area with ASEAN,
promising ASEAN, ASEAN is conducive to economic development, econo
stability, which is conducive to the ASEAN response to the current
crisis. Meanwhile, the 10 +3 10 +6 mechanism, the response to the
global financial crisis for a greater role. Over the past 10 +3
mechanism has not, because after the 1997 financial crisis, formed in
1998, 10 +3 ASEAN, China, Japan, South Korea; 10 +6 is the ASEAN
countries plus China, Japan, Korea, India, Australia, New Zealand,
which is established in 2005, are in the ASEAN meeting, agreed to
cooperate.
Regionalization of RMB is only a matter of time
Moderator: Southeast Asia is around the "prosper thy
neighbor" foreign policy priority areas. The 1998 Asian
financial crisis, the performance of China's responsible for
the political mutual trust and cooperation, resolve the
"China threat" theory, economic win-win situation to
ride out the difficult, strategic stability in South China to the
"strategic depth" of great significance. Years
later, the world economic crisis, China - opportunities and challenges
facing ASEAN, What's the difference? For example, currency
exchange and financial cooperation, the RMB has been in private
markets play in these places, "quasi-hard currency"
role, it is possible to achieve "RMB
regionalization"?
Xu Ningning: This is very possible. First, China has huge foreign
exchange reserves, which contribute to regional stability, and allow
us the cooperation between China can support an advantage.
Second, as China with the ASEAN free trade area between the building,
we are opening up trade in goods between the market, services market,
and mutual opening up future investment market, commodities will
inevitably bring about free trade freely convertible currency, sooner
or later the problem. Think about it, our products are not exchange
tariff, trade volume will grow larger in future, which necessarily
required a freely convertible currency, free trade zone with the depth
will be gradually raised, a matter of time.