Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Kuala Lumpur, October 27 (Xinhua) — China intends to uphold the multilateral trading system with even greater resolve and is ready to work with all parties to uphold genuine multilateralism, Chinese Premier Li Qiang stated on Monday.
Li Qiang made the statement in Kuala Lumpur at the 5th Regional Comprehensive Economic Partnership (RCEP) leaders' meeting.
The Premier of the State Council recalled the statement of Chinese President Xi Jinping, who once stated that “only openness, inclusiveness, and cooperation for mutual benefit are the right path for humanity.”
According to Li Qiang, since the RCEP agreement came into force more than three years ago, trade and economic cooperation between its members has continued to deepen, and the regional economy has maintained fairly rapid growth despite the lack of momentum in the global economy as a whole.
As the head of the Chinese government noted, the agreement played an indispensable and important role in this process: it expanded the space for joint development for all participants, provided mechanisms for protecting economic security, and created a platform for promoting innovative cooperation.
Li Qiang stated that the international trade and economic environment is currently undergoing complex changes, with unilateralism and protectionism gaining momentum, creating enormous risks for the region. He called on the agreement's participants to work more closely together to address challenges and, through combined efforts, promote development.
The Premier called for more openness in building a large regional market by strengthening market connectivity, promoting regional economic integration, accelerating the expansion of the RCEP, and supporting the entry of candidates such as China's Hong Kong.
Li Qiang also called on all parties to more actively promote the quality and modernization of the agreement. He stated that it is necessary to comprehensively and efficiently implement the obligations contained in the agreement, promote active alignment with high-standard international trade and economic norms, and explore opportunities for achieving more significant breakthroughs in areas such as market access, government procurement, the digital and green economies, and industrial and supply chains.
The Chinese Prime Minister assured that China will consistently support the central role of ASEAN and work with all parties to uphold the stability of the region's multilateral trading system.
Li Qiang added that China is willing to pool wisdom and strength with all parties to achieve new practical results in cooperation within the RCEP framework and jointly create a bright future of common prosperity.
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