Recently, a number of bilateral investment and trade agreements have been implemented one after another, opening up a wider scope of international cooperation. The analysis points out that the implementation of the FTA promotion strategy is an important carrier of the high-level opening to the outside world. With the expansion of the FTA network, China's opening to the outside world will move forward to a wider range, a wider field and a deeper level.

On 30 December 2020, leaders of China and the EU jointly announced the completion of negotiations on the China-EU Investment Agreement as scheduled. According to a person in charge of the Department of Treaty and Law of the Ministry of Commerce, the areas covered by the agreement go far beyond traditional bilateral investment treaties, and the results of the negotiations cover four aspects: market access commitment, fair competition rules, sustainable development and dispute settlement. The Ministry of Commerce stated that with the implementation of the agreement, two-way investment will further expand its breadth and depth, and enter a new stage of "deep cultivation and meticulous cultivation".

Following the China EU investment agreement, good news keeps coming. On January 1, the "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Mauritius" came into effect. According to the agreement, the two sides have achieved high-level liberalization arrangements in the field of trade in goods, and agreed to carry out economic and technological cooperation in agriculture, finance, medical care, tourism and other fields.

On the same day, China and Mongolia mutually implemented the tariff concession arrangement under the Asia-Pacific Trade Agreement. According to the arrangement, Mongolia has cut tariffs on 366 tax items, with an average reduction of 24.2 percent. At the same time, China's tariff concession arrangement under the Asia-Pacific Trade Agreement is applicable to Mongolia.

Pang Chaoran, an associate researcher of the Research Institute of the Ministry of Commerce, told the reporter of "Economic Information Daily", In the future, our country will also accelerate the global deployment of free trade zones, gradually increase the depth and breadth of the agreement, actively expand the "friend circle" of economic and trade cooperation, enhance the level of my country's bilateral trade liberalization and facilitation, and serve the high-quality development of the "Belt and Road". (Source: Economic Information Daily)