On November 11, the National Development and Reform Commission held the Endeavour “15th Five-Year Plan” series of press conferences to introduce the situation related to the joint construction of the “Belt and Road”. Song Lihong, first-level inspector of the General Department of the Ministry of Commerce, said that during the “15th Five-Year Plan” period, the Ministry of Commerce will further promote and guarantee the high-quality development of the “Belt and Road” and will build a high-level investment agreement corridor. At present, China has signed 92 bilateral investment agreements with co-founded countries, providing strong legal guarantees for the promotion and protection of two-way investments. In the next step, we will continue to sign and upgrade investment agreements with co-established countries, further improve international economic and trade rules in the field of investment, strengthen investment protection, and promote investment liberalization and facilitation. At the same time, give better play to the role of the Pilot Free Trade Zone and the Hainan Free Trade Port in the joint construction of the “Belt and Road”. The Ministry of Commerce will steadily expand a high level of independence and openness, continue to strengthen cooperation with co-building countries around key areas such as trade in goods, trade in services, digital trade, two-way investment, and cross-border finance, and jointly explore and formulate more international economic and trade rules that meet the development needs of all parties. Through small-scale pilot tests, we promote joint construction of standards, joint discussion of rules, and co-promotion of industries, and contribute to the “Free Trade Plan” for high-quality joint construction of the Belt and Road Initiative.
Zhitongcaijing · 2d ago
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On November 11, the National Development and Reform Commission held the Endeavour “15th Five-Year Plan” series of press conferences to introduce the situation related to the joint construction of the “Belt and Road”. Song Lihong, first-level inspector of the General Department of the Ministry of Commerce, said that during the “15th Five-Year Plan” period, the Ministry of Commerce will further promote and guarantee the joint construction of high-quality “Belt and Road” development, and will build a high-level investment agreement corridor. At present, China has signed 92 bilateral investment agreements with co-founded countries, providing strong legal guarantees for the promotion and protection of two-way investments. In the next step, we will continue to sign and upgrade investment agreements with co-established countries, further improve international economic and trade rules in the field of investment, strengthen investment protection, and promote investment liberalization and facilitation. At the same time, give better play to the role of the Pilot Free Trade Zone and the Hainan Free Trade Port in the joint construction of the “Belt and Road”. The Ministry of Commerce will steadily expand a high level of independence and openness, continue to strengthen cooperation with co-building countries around key areas such as trade in goods, trade in services, digital trade, two-way investment, and cross-border finance, and jointly explore and formulate more international economic and trade rules that meet the development needs of all parties. Through small-scale pilot tests, we promote joint construction of standards, joint discussion of rules, and co-promotion of industries, and contribute to the “Free Trade Plan” for high-quality joint construction of the Belt and Road Initiative.
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