China to put to trial some CPTPP rules in pilot free trade zones
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China will put to trial part of the rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in some of its pilot free trade zones, according to the customs authority. It will also actively facilitate the construction of platforms for opening up and promote innovation of customs supervision mechanisms for those zones, to be replicated elsewhere later.
In 2022, efforts will be made to implement a customs supervision framework for the Hainan Free Trade Port and support the construction of the Guangdong-Macao In-depth Cooperation Zone in Hengqin, southern China’s Guangdong Province, said Ni Yuefeng, head of the general administration of customs.
Despite mounting uncertainty and protectionism globally, China has remained firm in opening up its super-sized domestic market and safeguarding true multilateralism with concrete efforts, Chinese state-controlled media reported.
China will put to trial part of the rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in some of its pilot free trade zones, said the customs authority. It will also facilitate the construction of platforms for opening up and promote innovation of customs supervision mechanisms for those zones, to be replicated elsewhere.
Fibre2Fashion News Desk (DS)
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