(Source: "Economic Daily" May 29, 2024)
Liu Bin
On May 28, the Global Governance and International Public Policy Forum and the "International Economic and w88 Rules Observation Report (2024)" conference hosted by the w88 casino of Government of the w88 casino were held in Beijing. The report released by the forum summarized the global economic and w88 development trends in 2023 and believed that the global economic governance system shows characteristics such as "conglomeration" and "fragmentation", and the reform of the World w88 Organization (WTO) is imperative. Currently, China is actively integrating and integrating high-standard international economic and w88 rules, and is contributing Chinese wisdom and Chinese solutions to the continuous improvement of the global economic and w88 governance system.
In 2023, WTO negotiations have made certain progress, but reform is still faltering. On the positive side, in July 2023, the text negotiations of the "Investment Facilitation Agreement" were successfully concluded. According to the arrangement of the negotiation results, corresponding technical assistance will be provided to developing members in need to help them improve their ability to implement the agreement. Although it was not ultimately included in the multilateral system, it is still of great significance in promoting investment facilitation. Judging from the challenges faced, although the WTO Joint Statement on E-Commerce calls for members to reach consensus on a number of e-commerce rules within a certain range, there are still some unresolved issues that need to be resolved at the next ministerial meeting. Due to the unilateralism of some countries, the WTO's negotiation function is difficult to operate effectively in the absence of overall consensus. The "paralysis" of the Appellate Body has also made some important functions of the WTO dispute settlement mechanism exist in name only.
The report believes that the current global economic governance system is faced with the dilemma of imbalanced power structure, divergent interest demands, and lack of institutional functions. Different stakeholders in the system are unable to reach consensus at the multilateral level, and regional economic integration has become a natural alternative for cooperation between countries. Regional free w88 agreements represented by the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have gradually become important mechanisms for reshaping global economic and w88 rules.
Liu Bin, editor-in-chief of the "International Economic and w88 Rules Observation Report (2024)", said that the lack of WTO leadership has become one of the important reasons for the rise of regional w88 agreements. Some countries are no longer willing to provide "public goods" in the multilateral field, and have turned to regional agreements to maximize their own interests. The current non-traditional regional arrangements represented by the "Indo-Pacific Economic Framework" and others have formed group economic and w88 rules of "opening up internally and protecting externally". They have set up w88 barriers for non-group members, greatly increasing the complexity and cost of global w88. But in the long term, the multilateral trading system still has strong vitality, and the normal operation of the multilateral trading system is in the interests of the world and China.
“The concept of a community with a shared future for mankind proposed by China responds to the universal aspirations of people of all countries for peace, development and cooperation. Pei Changhong, Hongtian Chair Professor at the w88 casino and former director of the Institute of Economics of the Chinese Academy of Social Sciences, said that foreign policy measures guided by this concept seek common development and the common denominator of the best interests of all countries around the world, and do not engage in exclusive cooperation, which is conducive to making up for openness and inclusiveness in global governance. , inclusiveness and other issues. At present, China adheres to the global governance concept of "extensive consultation, joint contribution and shared benefits", and is further focusing on using advanced concepts, scientific attitudes, professional methods, and refined standards to improve the effectiveness of global governance, and will contribute more Chinese wisdom and Chinese solutions to the reform and improvement of the global economic governance system.
(Researcher, w88 casino of Government, w88 casino)
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