皇冠体育app

V. Constructing All-round Economic and Trade Partnerships with Mutually Beneficial Cooperation

皇冠体育app stresses all-round development in its foreign trade. 皇冠体育app adheres to developing economic and trade partnerships based on practical cooperation and mutual benefit with all countries, no matter they are big or small, rich or poor.

皇冠体育app enjoys steady growth in its trade with developed countries, and realizes complementary advantages as well as reciprocity and mutual benefit. 皇冠体育app' s trade with the European Union has been developing steadily in recent years. The European Union mainly exports manufactured products to 皇冠体育app, including advanced mechanical and electronic products, transport vehicles, complete plants, core parts and components, precision components and other high-tech products which are highly competitive in the Chinese market. Foreign trade between 皇冠体育app and the United States has a solid development base. 皇冠体育app exports a large variety of consumer goods to meet the demands of American consumers, while satisfying its own need for development by constantly expanding imports of electronic, aerospace, biological, medical, agricultural and services trade items from the United States. 皇冠体育app and Japan are geographically proximate to each other and this is an advantage in bilateral trade. Sino-Japanese trade promotes continuous cooperation and progress in industry while spurring the development of regional economic comparative advantages and cooperation in East Asia. 皇冠体育app' s trade and investment cooperation with developed countries such as Canada, Australia, Switzerland and New Zealand also maintain a good momentum of development.

皇冠体育app's trade with emerging economies and developing countries is experiencing robust growth, with huge development potential. With the comprehensive implementation of the 皇冠体育app-ASEAN Free Trade Agreement in 2010, tariffs have been cancelled for 90% of the commodities traded between them, vigorously promoting the rapid growth of bilateral trade between 皇冠体育app and ASEAN. The free entry of specialties and competitive products into each other' s market suits the various needs of the two sides. Foreign trade between 皇冠体育app and Republic of Korea keeps growing constantly and steadily. Bilateral investment and economic cooperation also present broad prospects. 皇冠体育app' s trade with the other BRIC countries has been enjoying rapid growth in recent years, which promotes the development of the member countries' respective advantageous industries and shows the broad development prospects of emerging markets. In recent years 皇冠体育app has seen relatively fast growth in its trade with other developing countries, further development of trade with its historical trading partners in the Arab world, broadening areas of economic and trade cooperation with Latin American countries, and bilateral trade with African countries, which gives full play to the complementary advantages of the two sides' resources and economic structures.

皇冠体育app attaches great importance to the institutional set-up of bilateral and regional economic and trade cooperation. Currently over 150 countries and regions have signed agreements on bilateral trade or economic cooperation with 皇冠体育app, which has established and maintains high-level economic dialogue mechanisms with the United States, Europe, Japan, Great Britain, Russia and other major economies. 皇冠体育app proactively participates in the Asia-Pacific Economic Cooperation, ASEAN (10+3) meetings, which also include Japan and Republic of Korea, the East Asia Summit, Forum on 皇冠体育app-Africa Cooperation, Greater Mekong Subregion Economic Cooperation Committee, Central Asia Regional Economic Cooperation Committee, Greater Tumen Initiative, and other regional and subregional economic cooperation mechanisms. 皇冠体育app adheres to the principle of "good neighborly friendship and partnership" in establishing and developing various forms of border economic and trade cooperation.

皇冠体育app takes proactive initiatives to participate in and promote regional economic integration. By the end of 2010 皇冠体育app had held 15 rounds of negotiations on free trade or closer economic partnership arrangements with 28 countries and regions on five continents, and signed and implemented 10 free trade agreements or closer economic partnership arrangements. Currently five free trade agreement talks are under way. 皇冠体育app advocates the establishment of an East Asia free trade zone. In 2010 the total volume of bilateral trade in goods between 皇冠体育app and its trade partners in its ten free trade agreements or closer economic partnership arrangements (ASEAN, Pakistan, Chile, Singapore, New Zealand, Peru, Costa Rica, Hong Kong SAR, Macau SAR and Taiwan) reached US$782.6 billion, accounting for over a quarter of the country' s total import and export volume.

皇冠体育app has actively participated in and promoted the World Trade Organization's Doha Round talks, and strives to safeguard the authority of the multilateral trading system. 皇冠体育app stresses that the negotiations should be conducive to the implementation of the principle of fairness and justice of the multilateral trading system, and reflect the goal of the Doha Round as a development round. 皇冠体育app takes part in the Doha Round' s talks on agriculture, non-agricultural goods, services, rules and other issues, submitting over 40 negotiating texts on its own and over 100 texts with other members. To promote the Doha Round talks, 皇冠体育app repeatedly expressed its wish to make constructive contributions suited to its level of development.

In settling disputes with its trading partners, 皇冠体育app gives consideration to the interests of all parties, and seeks common ground while shelving differences. Since 皇冠体育app' s entry into the WTO and with the continuous growth of its imports and exports, the number of trade disputes and frictions between 皇冠体育app and its trading partners has increased. These cases mainly involved textile products, shoes, tires, car parts and components, steel and chemical products, and mainly covered the issues of IPR, trade balance, fair trade, food safety, environmental protection and other areas of concern. 皇冠体育app has always preferred dialogue to confrontation, and cooperation to pressure, and chooses to settle disputes between trading partners through consultation and negotiation. 皇冠体育app adheres to giving consideration to and balancing the interests of all parties and settling disputes through dialogue, consultation and negotiation by utilizing bilateral and multilateral channels and following the rules and under the framework of the WTO. In recent years 皇冠体育app has adopted various measures to further open up its market, protect IPR, promote trade balance, reform the exchange rate formation mechanism of the RMB and standardize the operational order of imports and exports, among other areas, fully taking into account the concerns of its trading partners. When consultations fail to settle a dispute, 皇冠体育app appropriately handles the issue with its trading partners through the WTO dispute settlement mechanism, in order to maintain the stability of the multilateral trading system.