Foreign Trade

Q:

In 2020, China signed RCEP and concluded negotiations of the Investment Agreement with EU. Are there any plans to expand free trade agreement in the future?(2021-01-21)

A:

o connect domestic and international markets and resources and foster a new development paradigm at a faster pace, we need to expand free trade agreements both in number and in quality......

Q:

On December 8, China and Singapore announced the launch of follow-up negotiations on the upgrade of the China-Singapore FTA. Could you brief us on China-Singapore trade in recent years? What are the highlights of the upgrade?(2020-12-10)

A:

This year marks the 30th anniversary of China-Singapore diplomatic relations. Under the guidance of the leaders of the two countries, China-Singapore economic and trade cooperation has grown fast in recent years.........

Bilateral & Multilateral Relations

Q:

How do you evaluate China-Russia business relations in 2020? Will the slight decline in China-Russia trade affect the realization of the trade objectives for both sides?(2021-01-28)

A:

In 2020, China-Russia economic cooperation and trade stood the test of COVID-19 and showed strong resilience......

Q:

After the signing of RCEP, how are the ratification procedures going?(2021-01-14)

A:

China started the domestic ratification procedures last December, which are going smoothly......

Q:

The 35th round of China-EU BIT negotiation were held between December 6th and 11th. What’s the focus of this round? What progress has been made? We are two weeks away from the New Year. Is it possible to complete the negotiations by the end of the year as scheduled?(2020-12-17)

A:

China and the EU held the 35th round of BIT negotiation between December 6th and 11th. The two teams focused on the remaining issues in the text and lists, and scored important progress......

Belt and Road

Q:

Reports have been saying that the Belt and Road projects have increased the debts of countries along the routes. What’s MOFCOM’s comment?(2018-6-7)

A:

The Belt and Road initiative has been highly commended and positively responded by the international community and relevant countries since its inception.........

Foreign Investment

Q:

The 35th round of China-EU BIT negotiation were held between December 6th and 11th. What’s the focus of this round? What progress has been made? We are two weeks away from the New Year. Is it possible to complete the negotiations by the end of the year as scheduled?(2020-12-17)

A:

China and the EU held the 35th round of BIT negotiation between December 6th and 11th. The two teams focused on the remaining issues in the text and lists, and scored important progress. They will keep making efforts toward the goal set by the leaders of the two sides. Thank you......

Q:

The 33rd round of China-EU bilateral investment treaty negotiations was held between October 18th and 23rd. Is it likely to conclude the talks by the end of the year judging from the current progress?(2020-10-29)

A:

This year, China and the EU have held eight rounds of negotiations with intensified efforts despite the COVID-19 impact. The two sides have scored progress in the text and lists, and are focusing on the outstanding issues of the text and market access......

Service Trade

Q:

How is the work on the negative list of cross-border trade in services in the Hainan Free Trade Port going on now? When is it planned to be launched?(2021-01-21)

A:

At present, MOFCOM is working with Hainan Province and relevant ministries to actively advance the work......

Q:

From January to August this year, China's trade deficit in services was halved from the same period last year, down to RMB515.62 billion. What are the reasons for this? What’s MOFCOM’s take on the development of trade in services this year?(2020-10-15)

A:

Since the beginning of this year, due to the COVID-19 pandemic and multiple other factors, the overall volume of China's trade in services has declined, but the deficit has narrowed, the structure improved, and the proportion of trade in knowledge-intensive services continued to increase......

Q:

What will MOFCOM do to comprehensively advance the pilot work for innovative development of services trade? What roles will relevant government departments and local authorities play respectively? (2020-8-20)

A:

The pilot projects is a systematic task that requires authorities to follow the instructions of the State Council to ensure coordination and......

Q:

We have noted that the newly added pilot areas for innovative development of services traded are mainly concentrated in the central and western regions. What are the considerations behind that? What measures will MOFCOM take to promote the development of services trade in the central and western regions in the future? (2020-8-20)

A:

The newly added pilot areas in the central and western regions and in the old industrial base in the northeast take up half of the total, a share that is higher than the two batches of pilot projects announced previously......

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