Current location - Loan Platform Complete Network - Foreign exchange account opening - Why is the transfer pricing of multinational companies destroying the foundation of free trade?
Why is the transfer pricing of multinational companies destroying the foundation of free trade?
According to the Ministry of Commerce's interpretation of China's strategy of accelerating global free trade zones, at present, the number of global free trade zones is increasing, the topics covered are expanding rapidly, and the level of liberalization is significantly improved. China's economic development has entered a new normal, and foreign trade development opportunities and challenges coexist. Introduction and "going out" are facing a new development situation. Accelerating the implementation of the free trade zone strategy is an objective requirement for China to adapt to the new trend of economic globalization, and it is also an inevitable choice for comprehensively deepening reform and building a new open economic system.

Professor Zheng Xiaojun, a well-known overseas investment expert, mentioned in a special lecture given by domestic reporters recently that at present, in the global and regional economic governance structures, developed economies are trying to promote the economic integration process led by some big countries through free trade area negotiations such as TPP, TTIP and Europe-Japan Free Trade Area, and gain new global competitive advantages. For China, the biggest impact will be that it will be more difficult for domestic enterprises to export to foreign countries, such as textile and garment trade, auto parts and other fields. Besides tariff factors, they will also be subjected to more serious legal and social discrimination, because TPP is not just a trade tariff agreement, but covers tariffs, investment, competition policy, technical barriers to trade, food safety, intellectual property rights, government procurement, green growth, labor protection and many other fields. If China wants to better safeguard national interests and cultivate new international competitive advantages, it must adapt to the trend of economic globalization and regional economic integration and accelerate the implementation of the free trade zone strategy. Accelerate negotiations on new issues such as intellectual property protection, environmental protection, e-commerce, competition policy and government procurement. Only by accelerating the formulation of rules to promote fair trade and new issues in the field of sustainable development can we win more voice.

If China enterprises want to go abroad, they must seek to establish a real world free trade park overseas. Take "Caribbean Free Trade Area" (a free trade business park initiated by Antigua and Barbuda and built by Caribbean member countries) as an example. Among the five elements of free trade (trade in goods, trade in services, capital, investment and enterprises), trade in goods is completely free from tariffs, trade in services is completely free, capital flow and foreign exchange are completely unrestricted, direct investment has no negative list, and corporate and personal taxes are completely exempted. The successful construction of the Caribbean Free Trade Area is equivalent to the establishment of a bridgehead and base area in the Caribbean, and enterprises only need to do what they used to do.