China believes that if China and the United States reach the first stage agreement, tariffs should be reduced accordingly; the economic and trade teams of the two sides have maintained close communication, and no more details have been disclosed at present.
He also said at the press conference of the Ministry of commerce that the destruction of the multilateral trading system has been condemned by the vast majority of WTO members. China will continue to work hard to resolve the crisis of the appellate body, maintain the operation of the WTO dispute settlement mechanism and protect the multilateral trading system mechanism based on rules. As for the list system of unreliable entities formulated by China, no further information can be disclosed at present.
"We always believe that only through open cooperation can we promote better development of the world economy. China has been firmly maintaining the multilateral trading system and firmly opposing unilateralism and trade protectionism. " Peak said.
Referring to the negotiation of regional comprehensive economic partnership agreement (RCEP), Gaofeng said that the review of relevant legal texts has been launched this week and all parties are carrying out this work in Jakarta; at the same time, all parties will continue to maintain close communication and consultation with India to try to solve some issues of interest to India in a mutually satisfactory way, and all parties welcome India's early accession to RCEP.
He also disclosed that at present, the public consultation for opinions on the implementation regulations of the foreign investment law has ended. The Ministry of Commerce will continue to cooperate with the Ministry of justice in the formulation of the implementation regulations, further improve the implementation regulations, promote the promulgation as soon as possible, and ensure the implementation of the foreign investment law as of January 1 next year.
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