China Eximbank Held AEBF Online Seminar on RCEP



   China Eximbank held an online seminar themed “New Dynamic for Regional Cooperation” with Asian Exim Banks Forum (AEBF) members on 3 September. Senior management of 9 member institutions exchanged views on topics such as RCEP’s contribution to economic recovery and closer cooperation among AEBF members. Hu Xiaolian, Chairman of China Eximbank made welcome remarks and Wu Fulin, President of the Bank delivered a keynote speech. 

  Chairman Hu Xiaolian pointed out in her remarks that since the establishment of AEBF, all parties have conducted in-depth discussions on a number of major issues regarding regional economic and social development, reached many consensuses and developed closer ties with each other. At present, the unstable and unbalanced global economic recovery, together with the repeated resurgence of the pandemic heightens the uncertainty about economic prospects. Issues such as regional economic recovery and cooperation, stable, smooth and efficient operation of industrial and supply chains, regional trade and integrated regional development are expected to be discussed at the seminar. As RCEP will bring more trade and investment opportunities to the region, export credit agencies need to cooperate with each other with full confidence and seize the opportunity to open up new horizons under the multilateral system of inclusive development, in an effort to contribute more to regional and global economic recovery and growth.  

  President Wu Fulin noted in his speech that the signing and future implementation of RCEP would enhance regional economic integration, create a free, convenient and competitive investment environment and exert a positive impact on regional industrial and supply chains. By leveraging our respective advantages and drawing on each other’s strengths, AEBF members need to strengthen cooperation to support key links in the industrial chain and facilitate digital transformation and green development of the supply chain, in a bid to promote stable, smooth and efficient operation of regional industrial and supply chains.    

  Participants expressed appreciation to China Eximbank for hosting the seminar and agreed that it is necessary for Asian ECAs, a vital force in boosting regional economic and trade development, to meet and discuss collaboration at this crucial time when RCEP will soon enter into force. In the long run, the signing and implementation of RCEP will inject strong impetus into regional and global economy, and in the short run, it will help the region hedge against COVID-19 impact and increase the resilience of regional supply chain. Asian ECAs need to strengthen exchanges and seek practical cooperation in facilitating green economic development and digital transformation, keeping industrial and supply chains stable and supporting SMEs.  

  Established in 1996, the AEBF has 11 member institutions including ECAs of China, the Republic of Korea, Thailand, Malaysia, Japan, Australia, Indonesia, Vietnam, India, the Philippines and Turkey. China Eximbank is a founding member of the AEBF.