Constantly exploring new highlights of China-ASEAN economic and trade cooperation

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In addition, cooperation in the field of trade in services is also deepening and showing new highlights. For example, China's financial technology services are gradually landing in ASEAN countries, providing technical support for digital transformation for local financial institutions, and improving the efficiency and inclusiveness of financial services; and ASEAN's tourism, education and other service industries are also attracting more and more Chinese tourists and international students. The two sides can strengthen cooperation in service standard setting, market promotion and other aspects to promote the two-way prosperity of trade in services.

III. Policy coordination helps deepen cooperation

The coordination and cooperation between the governments of China and ASEAN countries at the policy level has provided a solid guarantee for the exploration of new highlights in economic and trade cooperation.

The entry into force of the Regional Comprehensive Economic Partnership (RCEP) has created a more liberalized and convenient policy environment for trade and investment between the two sides. In terms paraguay telegram number database of tariff concessions, tariffs on many commodities have been gradually reduced or even eliminated, which has reduced the trade costs of enterprises, improved the market competitiveness of products, and made trade between the two sides more frequent. At the same time, in the field of investment, RCEP has strengthened the protection of investors' rights and interests, improved the transparency and predictability of investment, encouraged Chinese companies to invest in ASEAN countries to build factories and carry out cooperation projects, and also attracted ASEAN companies to increase their layout in the Chinese market, promoting the deep integration of industrial chains and supply chains.