What APEC can bring to China's commercial vehicle industry
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The brief 2014 APEC Leaders' Informal Meeting was over, and perhaps it was APECBLUE that people remember; perhaps it was Beijing's unimpeded traffic; perhaps it was the “Autumn National Dayâ€-like APEC holiday. What is most worth remembering is the establishment of the Asia-Pacific Free Trade Area Roadmap.
route
The comprehensive and systematic advancement of the Asia-Pacific Free Trade Area process has become an important topic for this conference. This issue was approved at the leaders’ meeting, which will enable this brewing idea to be upgraded from the previous “conception map†to the “road mapâ€. The road map will become a milestone document in the history of APEC. This will also be an important imprint of the 2014 APEC Beijing Conference.
The establishment of the roadmap is a historic step in the Asia-Pacific Free Trade Area, marking the official launch of the Asia-Pacific free trade zone process. It will upgrade the economic integration of the Asia-Pacific region to a new higher level and will also make the two sides of the Pacific different. The economies of development stage have benefited widely.
The president of the Inter-American Development Bank, Luis Moreno, said that the Asia-Pacific Free Trade Zone is a balanced, inclusive system that is representative, open, and inclusive.
At the same time, some people pointed out that the vision of the Asia-Pacific free trade zone should include three basic transitional goals: First, to address regional economic differences, solve poverty problems, and help less developed economies catch up; second, to improve the regulatory environment through coordination and cooperation in order to curb intentionality or Unintentional protectionism; Third, vigorously promote regional sustainable development and increase transparency.
In short, the establishment of the Asia-Pacific free trade zone will bring more opportunities and more space to the countries in the FTA.
Road
There is an ancient Chinese saying, "If you want to be rich, you must first build a road." This fully explains the infrastructure construction and the supporting role for economic development. In his speech, Chinese President Xi Jinping repeatedly referred to "interconnection and interconnection", and infrastructure construction is the one that supports interconnection and interoperability.
The construction of the “Silk Road Economic Belt†and the “21st Century Maritime Silk Road†will become substantive initiatives for interconnection and interoperability in the future. It is understood that the interconnection will be based on a breakthrough in the transportation infrastructure to realize the early harvest of Asia's interconnection and priority deployment of China's railway and highway projects with its neighboring countries. China will invest US$40 billion to establish a Silk Road Fund and promote the construction along the way.
In fact, prior to this, China had invested in the construction of highways, railways, and other infrastructure in a number of provinces that bordered the country. It laid the foundation for the future interconnection of highways and railways with the country, and in the construction of the above areas. The upsurge has only just begun. It can be predicted that the demand for off-highway vehicles, special vehicles and construction machinery related to infrastructure construction in these areas will remain strong in the next 10 years.
The Pacific Economic Cooperation Council, headquartered in Singapore, announced on the 7th that by 2025, the Asia-Pacific Free Trade Zone will contribute 2.4 trillion US dollars worth of output value to the global economy, and with the reduction of tariffs and further liberalization of the visa system, a large number of The import and export of goods, tourism and business contacts will inevitably lead to more logistics and passenger transport. By then, long-distance transport and passenger transport vehicles will have new growth opportunities. At the same time, a new logistics and distribution center will be formed near the port. With these logistics centers as the center, the regional and short-distance logistics vehicle market will also gain driving growth.
All in all, the establishment of the Asia-Pacific Free Trade Zone will greatly stimulate the economic development of the member countries in the region, and the commercial vehicle market as a barometer of economic development will usher in a new opportunity for redevelopment. The squid, presumably all companies will choose the former, and the achievements of APEC in Beijing today will become new opportunities for the growth of commercial vehicle companies in the future. Everything must start today.