China will step up efforts to expand free trade agreements with high-level standards, to improve the interplay of domestic and foreign markets and resources, in pursuit of the dual-circulation strategy, said Gao Feng, spokesman of Ministry of Commerce.

“China is willing to sign more free trade agreements with trading partners, to jointly promote trade and investment fertilization and liberalization,” he said.

The country will facilitate China-Japan-Republic of Korea free trade agreement negotiations, as well as those with the China-Gulf Cooperation Council, China-Norway and China-Israel FTAs, while providing active consideration to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, he added.

He also said China will strengthen efforts to explore free trade rules that are internationally accepted while also meet China’s reform and development needs, to achieve higher-level opening up.

China will reduce more tariffs to zero in goods trade and further ease market access for services trade and investment, he said, adding the country will proactively participate in rule-setting negotiations in fields such as the digital economy and environmental protection.

Besides, China will strengthen promotion and training on FTAs to ensure enterprises and people benefit more from them, he said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Agricultural drone maker XAG plans domestic listing

XAG Co Ltd, an agricultural technology company focusing on manufacturing of agricultural drones, will likely list on the domestic stock market in the near future, according to the top executive. “We will, with high probability, launch an IPO on the…

Wall Street is keeping its distance from these tech industry stalwarts

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping…

Silver to outshine gold thanks to global economic recovery demand growth – analysts

Spot gold prices have skyrocketed more than 32 percent so far this year and are on track for the best year since 1979. Silver prices have also followed suit, shooting up more than 30 percent this year to date. On…

New York Times ends partnership with Apple News

(Reuters) – The New York Times Co said on Monday it will end its partnership with Apple News, effective June 29, at a time when the publisher is shifting focus to a digital subscription-based model. The media company said publishers…