BEIJING, Nov. 22 (Xinhua) — Ministry of Trade Spokesperson He Yongqian stated that they are going to make extra efforts to boost up negotiations to sign up for the Virtual Financial system Partnership Settlement (DEPA).
In his commentary on Thursday, He mentioned that on the ministerial assembly held throughout the scope of the Asia-Pacific Financial Cooperation (APEC) discussion board on November 14, complete discussions had been held in regards to the development of the negotiations between China and DEPA member nations and the paintings to be accomplished within the subsequent levels.
In August 2022, China started negotiations to sign up for DEPA, a brand new business partnership settlement initiated through New Zealand, Singapore and Chile.
Since then, 5 ministerial conferences and more than a few technical consultations were held with DEPA participants, and problems associated with the virtual financial system comparable to trade and business facilitation, cyber safety and new applied sciences had been mentioned.
China has additionally promoted cooperation in spaces comparable to digital invoices and digital expenses of lading, participated in mutual trade seminars with DEPA member nations, and made development on concrete cooperation initiatives.
The spokesperson mentioned that they are going to proceed to discover the possibility of virtual financial system cooperation with DEPA member nations and can paintings in shut cooperation to verify the speedy implementation of concrete cooperation initiatives.
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