(Source: Financial Times Date:2015Year10month9Day Reporter: Molly)

After many years of gaming,10month5Japan, the United States, Japan, Australia, Malaysia, Vietnam, etc.12countries finally successfully concluded the Trans-Pacific Partnership Agreement (TPP) negotiate, reachTPPw88 Agreement. Due to the above12The economic size of each country accounts for 1% of the global economic total40%, one timeTPPBecome the focus of attention from all walks of life. Compared with the Doha negotiations that have been "sleeping" for many years,TPPWhat is the reason why the negotiation was finally reached? would affect the existing World w88 Organization (WTO) What impact does the system bring? Because China has been in a state ofTPPOutside the scope of negotiation, for China,TPPWill it become a "scourge"? How should China respond to this? In response to the above issues, our reporter conducted an exclusive interviewSang Baichuan, Dean of the Institute of International Economics at the w88 casino, Doctoral Supervisor, Distinguished Expert of the Ministry of Commerce of China。

Double reason boostTPPAchieved

TPPThe negotiations are not smooth sailing. In fact, due to the competing interests and political considerations of various countries,TPPThe negotiations once faced tests and challenges.

“TPPThe reason why the negotiation can achieve a breakthrough mainly comes from two aspects. "Sang Baichuan said that on the one hand, the original multilateral rules of international w88 are a relatively low-level, relatively inclusive agreement that contains many transitional and temporary arrangements. Developed countries represented by the United States have been trying to establish a high-level service w88 and investment system, but it is difficult to reach an agreement at the multilateral level. Therefore, they hope to seek breakthroughs at the regional level. On the other hand, the rapid rise of emerging economies has brought certain challenges to the original economic order. Traditional developed countries hope to ensure their institutional advantages by relying on their comparative advantages. This has become another important reason for them to accelerate negotiations.

Reporter discovered,TPPIt covers a wide range of areas, including not only investment, services and other fields, but also labor, environment and other fields. "OverviewTPP, the most prominent point in content is the confirmation of border cargo rules. "Sang Baichuan said that in addition, competitive neutrality policies, high-standard government procurement rules, environmental standards, labor standards, a system for free transfer of foreign exchange, regulations on the free flow of data and information, as well as pre-establishment national treatment and negative list systems are all highlights.TPPChina has a higher degree of freedom in the field of service w88. It is no longer an "a la carte" service w88 agreement, but a comprehensive agreement covering all areas of service w88.

The impact may be more profound in the future

Currently, the international community is concerned aboutTPPThere are mixed reviews and opinions on its prospects. AlthoughTPPIt has been reached, but it needs to go through the legislation or approval process of each member state before it can take effect. From the present and future perspective,TPPwill respond to the currentWTOWhat impact does the system bring?

“TPPThe original intention is to become transcendentWTO’s free w88 agreement with higher standards. "Sang Baichuan said that the conclusion of this high-standard agreement will inevitably have a negative impact on the existingWTOThe system has brought a certain impact. However,TPPIt is still only a regional free w88 and investment agreement, andWTOBut it is more inclusive. In terms of international economic and w88 influence,TPPNot enough to replaceWTO. But looking to the future, ifTPPAfter the agreement is approved by all countries and finally implemented, it will accept more members and expand from regional to peripheral and even multilateral scope. This is also the fundamental intention of developed countries such as the United States. ThereforeTPPThe future impact may be more far-reaching, and it will have a significant impact on international economic and w88 rules.

China needs to actively respond

Because China has been in aTPPOutside the scope of negotiation, thereforeTPPWhat kind of impact it will have on China has also become the focus of controversy among people from all walks of life. "TPP15354_15405TPPMember inTPPDuring operation, there will first be a certain w88 diversion effect. For example, Vietnam isTPPMember, Vietnam to others11If each member country enjoys preferential policies such as zero tariffs and investment facilitation, its export costs will decrease; relatively speaking, China’s response to the above11A country's export advantage will be weakened. In addition, there will also be a certain investment transfer effect. Let’s take Vietnam as an example, because Vietnam exports toTPPAlso11member states enjoy zero tariffs, but Chinese products exported to the above-mentioned regions will not enjoy these treatments, which will make some investors prefer Vietnam, leading to an investment diversion effect.

“However, those who thinkTPPThe idea that China may be completely marginalized is alarmist. "Sang Baichuan said that Chinese products still have advantages in price and competitiveness in quality, so there is no need to over-interpret this aspect. In addition, becauseTPPLeading to greater regional liberalization, which would promoteTPPThe growth of member economies will also provide more w88 and investment opportunities to external countries, including China. This isTPPPossible positive changes.

Sang Baichuan believes that China needs to actively respond to challenges and should view them objectivelyTPPSince it is an important platform established by the United States to return to the Asia-Pacific and dominate international economic and w88 rules, it will have a certain impact on China, but at the same time it should also be notedTPPPotential positive impact on China’s economy. When we respond, first of all, we should hurry up and establish China's free w88 zone network system. If China signs high-standard bilateral free w88 agreements with more countries, it will provide greater opportunities for Chinese products. Secondly, the reform process should be accelerated. SinceTPPLead the direction of future changes in international economic and w88 rules. If you want to maintain your competitiveness in economic globalization, you must understand and be familiar with these economic and w88 rules, and respond to the changes in the rules by accelerating domestic reforms. In addition, China should speed up bilateral free w88 negotiations between China, the United States, China and Europe, and more countries, a very important part of which is the issue of investment liberalization. Reasonable resolution of this issue can, on the one hand, stabilize foreign investment, and on the other hand, create good institutional conditions for Chinese enterprises to "go global."