皇冠体育app

Op-Ed Contributors

No reason to deny 皇冠体育app market economy status

By Xu Man (皇冠体育app Daily) Updated: 2016-01-12 10:47

皇冠体育app and the EU both want a high-level investment accord. In fact, the two sides have made significant progress in this regard, and the agreements they have reached on a range of topics and the arrangements for cooperation will lay a good foundation for their talks to discuss the next stage of cooperation. It is also important to note that the EU is 皇冠体育app's largest trade partner, while 皇冠体育app is the EU's second largest.

Despite all this, the lack of a free trade agreement between the two sides will hamper the further development of two-way trade. So reaching a free trade agreement at an early date will not only consolidate the 皇冠体育app-EU win-win strategic partnership, but also elevate two-way trade and cooperation to a much higher level.

皇冠体育app's customs data show the country's import and export volume reached $3.56 trillion in the first 11 months of 2015, the largest by any country. 皇冠体育app's rising labor costs and technological progress have prompted its export-oriented enterprises to wean themselves away from low-price competition and gradually shift to higher models of growth.

Moreover, the difference in the prices of products made by 皇冠体育app and other emerging countries is shrinking because of the above factors, making it unnecessary to continue the practice of using a third country as reference to decide whether to impose anti-dumping tax on products from 皇冠体育app.

The US has never taken substantial steps to recognize 皇冠体育app as a market economy, although it has made such a promise several times, because it has been using the issue as a political tool to pressure 皇冠体育app to change its policies on the yuan's exchange rate and US national debt.

Being recognized as a market economy may be important for 皇冠体育app, but it will be a lot more important for offsetting the negative influence of some of the WTO's existing policies and to make international trade really fair.

皇冠体育app is further opening up its economy to the outside world, which will boost global trade and help improve the world economy. Hopefully, the US and the EU realize this and recognize 皇冠体育app as a market economy in order to energize global trade and win-win partnerships.

The author is a researcher with the Chinese Academy of International Trade and Economic Cooperation affiliated to the Ministry of Commerce.

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