China Continues to Expand Network of High-Level Free Trade Zones

China Continues to Expand Its Network of High-Level Free Trade Zones
China Continues to Expand Network of High-Level Free Trade Zones

China Ministry of Commerce Sözcüsü Shu Jueting stated that China will continue to expand its network of high-level free trade zones opening to the whole world by advancing free trade cooperation with its trade partners, especially the countries along the Belt and Road route.

Pointing out that this year marks the 10th anniversary of the Belt and Road initiative, Shu reminded that a free trade agreement was signed between China and 10 ASEAN member countries, and 18 countries participating in the joint Belt and Road joint construction such as Chile and New Zealand.

Pointing out that the Regional Comprehensive Economic Partnership is currently the free trade agreement that covers the most population in the world, has the largest economic and commercial scale and the greatest development potential. sözcüExpressing that they are advancing negotiations on version 3.0 of the China-ASEAN free trade area and a free trade agreement between China and the 25 countries participating in the joint Belt and Road joint construction, mainly South Korea and Singapore.

Shu emphasized that by increasing the level of openness to market entry, China will actively participate in regulations in emerging areas such as the digital economy and environmental protection, intensify the promotion of free trade agreements, and contribute to the maintenance of the stability of regional and global industry and supply chains by fulfilling free trade agreements.