Chinese President Xi Jinping announced on Friday (26.4.2019) the establishment of “regulatory mechanisms” for compliance with international agreements, and promised that “China will strengthen the enforcement of the law and reinforce the rights of foreign owners” of intellectual property.
"We Chinese always keep our promises", said the president, adding that "a more open China will interact better with the rest of the world and will bring greater progress and prosperity for itself and for everyone."
Xi made the remarks at the opening of the Second Belt and Road Forum for International Cooperation, held in Beijing with the participation of 37 foreign heads of state and government, as well as representatives of nearly 150 countries and international organizations.
The Chinese president announced for the coming years "a series of important measures» focused on the process called by Beijing as "reform and opening up", including facilitating the arrival of foreign capital to the Chinese market, allowing investment in more sectors and continuing to build free trade zones in different parts of the country.
The president promised to "speed up" the approval of laws to "ensure compliance" with the new foreign investment law, approved as a flagship project during the last annual session of the Legislature, held last March.
Regarding intellectual property, the Chinese leader said he will redouble efforts to protect it., and assured that the protection of these rights is not "a demand but an inherent requirement for building an innovative country focused on high-quality development."
"China will respect the values of knowledge""It will strengthen law enforcement, protect the legitimate rights of foreign intellectual property owners, prohibit forced technology transfer and strengthen the protection of trade secrets," he said.
Xi said China will continue to lower tariffs even further and will eliminate "non-tariff barriers of all kinds" to "increasingly open the doors" of the Chinese market to "quality products from around the world."
«We will import more agricultural products, manufactured goods and competitive and high-quality services to promote the balanced development of foreign trade," he said.
Source: Reuters
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
