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China-ASEAN Industry Cooperation Symposium was held in Beijing

Post Time:2017-06-23 15:18:32

On 22 June, China-ASEAN Industry Cooperation Symposium was held in Beijing. Xu Ningning, Executive President of China-ASEAN Business Council (CABC), moderated the Symposium and said that more specifics and practices were demanded for China-ASEAN cooperation to enhance its quality and efficiency.

The Symposium was hosted by China-ASEAN Business Council (CABC), with more than 30 attendees, including commercial officials from relevant ASEAN embassies in China, people-in-charge of relevant Chinese industry chambers & associations and media representatives from home and abroad. 

Xu Ningning pointed out that, enhancing quality and efficiency is a focus point for China-ASEAN cooperation, and that promoting industry cooperation concretely and practically is one of important measures to enhance quality and efficiency. 

Xu Ningning analyzed that China-ASEAN bilateral economy and trade had great potential due to the complementary conditions between two sides, the co-construction of Maritime Silk Road, the implementation of China’s international production capacity cooperation, and the establishment of ASEAN Economic Community which is conducive to the steady and sustainable growth of ASEAN’s economy, as well as the upgrading of China-ASEAN Free Trade Area which contributes to opening more markets to each other. All these had created favorable conditions for industry cooperation between two sides. Therefore, to enhance industry cooperation is a necessity for economic cooperation between two sides to achieve mutual benefits and win-win results. Moreover, currently, strengthening industry cooperation between two sides closely has become one of measures to jointly cope with the instability of world economy. 

The Joint Statement on China-ASEAN Capacity Cooperation issued in China-ASEAN Leaders Meeting held in 2016 placed the industry cooperation between two sides into a high position for the first time, which indicates that industry cooperation between China and ASEAN is entering a new stage.

Xu Ningning put forward several proposals: first, relevant departments of two sides’ governments are supposed to implement Joint Statement on China-ASEAN Capacity Cooperation and Joint Statement on Production Capacity Cooperation Among Lancang-Mekong Countries, and formulate action plan on industry cooperation and carry it out; second, relevant policies should be formulated and implemented to promote industry cooperation; third, encouragements are needed to develop industry cooperation; fourth, attention ought to be paid to supporting and guiding small-and-medium-sized enterprises to obtain new development in industry cooperation and share them with more benefits of mutually opening the markets to each other.

From the perspective of Xu Ningning, when promoting industry cooperation, China and ASEAN should take into consideration the relevance, competition and complementarity of the industry cooperation among China, ASEAN and relevant countries outside the region, thus to strengthen complementarity, extend industrial chains and reduce resistance on China-ASEAN industry cooperation. Besides, discussions could be initiated on how to promote the value of the industrial chains formed among China, ASEAN and relevant major countries outside the region, to make the countries outside the region feel that China-ASEAN industry cooperation is not only beneficial to ASEAN economy’s stability and growth, but also conducive to the countries outside the region to make profits through investing in ASEAN.

The United States, European Union, Japan and China are among the top four sources of investment in ASEAN. 

Xu Ningning referred to that, according to the Joint Statement on China-ASEAN Capacity Cooperation, production capacity cooperation based on business principles was encouraged. Hence, the role of industry chambers of two sides should be played to guide and assist enterprises to enter ASEAN and help to promote cooperation among governments and implement relevant intergovernmental agreements on Free Trade Area. And industry chambers of two sides should jointly explore channels for industry docking and cooperation, formulate and implement cooperation plans. China and ASEAN are supposed to establish and improve cooperation mechanisms among industry chambers of both sides.

The attendees held the view that it was of great significance to strengthen comprehensive mechanisms on industry cooperation between China and ASEAN in the process of industry cooperation’s implementation. The establishment of cooperation mechanism is favorable for both sides to discuss industry plans and policies, capture the breakthrough point of cooperation, promote industry structure adjustment and industrial upgrading of both sides, optimize trade structure between China and ASEAN countries, promote two-way investment and assist two sides’ enterprises of key fields to participate in the construction of “One Belt and One Road”, especially the construction of Maritime Silk Road. 

In accordance with Xu Ningning’s proposals, Chinese enterprises should take an active part in industry cooperation, and operate businesses in ten ASEAN countries specifically and practically, including exploring the feasibility before entering ASEAN and selecting partners, to guarantee the quality of products, projects and service. 

At the Symposium, Mr. Witit Teeramungcalanon, Minister of Royal Thai Embassy, Ms. Rhenita B. Rodriguez, Minister of Embassy of the Republic of the Philippines, Ms. Irene Sim, Economic Counsellor of Embassy of the Republic of Singapore, and Mr. Razida Hanim Abdul Razak, Commercial Counsellor of Embassy of Malaysia respectively introduced the status of industry development and relevant policies of their respective countries.

Other attendees had exchanges with commercial officials from embassies on relevant conditions, including Yang Kun, Executive Vice President of China Electricity Council, Qin Zhanxue, Executive Vice President of China Building Materials Circulation Association, Liu Anjiang, President of China Light Industry Machinery Association and Yang Xiaojing, Vice Chairman of China Sewing Machinery Association, etc.. The two sides expressed their confidence in the future benefits brought by enhancing industry cooperation.

In the construction of “On Belt and One Road”, ASEAN is a part within nearest distance in the construction of Maritime Silk Road. From January to May this year, the trade volume between China and ASEAN has increased by 16.2% over the same period of last year, exceeding the average growth rate of China’s foreign trade over the same period. And ASEAN has become a partner with fastest growth rate among China’s top three trade partners (including European Union, The United States and ASEAN).

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