Petrochemical industry as TPP Important areas involved in the agreement, in the withdrawal of the United States TPP Context of its trading system and cooperation patterns will suffer. Whether China join the TPP, or through new ways with TPP member countries to cooperate will become a rare historical opportunity of domestic petrochemical enterprises.
Earlier this year, America's new President, Trump signed a decree formally opened out the trans-Pacific partnership agreement (TPP) Process. TPP agreement designed to create a new Asia-Pacific trade standards, achieving full market access and free trade, develop inclusive and competitive platform for regional cooperation. America's exit will undoubtedly make this awkward position facing the new trade framework established.
Petrochemical industry as TPP Important areas involved in the agreement, in the withdrawal of the United States TPP Context of its trading system and cooperation patterns will suffer. TPP other members of Petro-chemical trade and cooperation with the United States will be adversely affected, it only brings opportunities to China's petrochemical enterprises.
Withdrawal of the United States TPP Economic influence and trade say has greatly weakened. Besides America TPP Member States to preserve the TPP system, which many countries hope that, as the world's second largest economy, the Asia-Pacific regional economic development leader of China's accession to TPP, to cover the vacancy arising from the withdrawal of the United States. Whether China join the TPP, or through new ways with TPP member countries to cooperate will become a rare historical opportunity of domestic petrochemical enterprises.
First of all, from oil and gas exploration and development and infrastructure investment perspective, China Petroleum and chemical companies can more directly and freely with TPP Development and building of Member States to cooperate. On one hand,TPP Agreement advocated full market access, promote more inclusive and pluralistic trade mechanism. This will help Chinese petrochemical companies in the Pacific waters and the TPP agreement's successful joint development of oil and gas. The other hand, due to reasons such as trade barriers, discriminatory policies, for a long time, China Petroleum and chemical industry enterprises in TPP member countries, especially in Japan, Singapore and other countries frequently blocked. If China's petrochemical enterprises to accept TPP agreement or reference TPP experiences in the TPP members invest resistance will, to a large extent. This will not only help accelerate the current domestic petrochemical enterprises of uninvested capital flows, decentralized domestic investment risks in the context of low oil prices, you can also gain more profit-making opportunities, enhance the competitiveness of oil and gas fields in the world and the right to speak.
Second, from the perspective of petroleum products import and export trade, TPP Intended to promote the free trade of goods, and in almost all areas to reduce or eliminate tariffs, import and export trade among the Member countries closer to " Zero-threshold " 。 Once China joined the TPP system that will use TPP power of breaking down trade barriers, expand overseas markets, and promote the development of import and export trade industry. Among them, China's petrochemical enterprises can rely on China's accession to TPP system timing, and TPP oil companies carried out all-round cooperation of the Member States.
Finally, from an oil services industry development and employment perspective, TPP Protocol advocacy services completely liberalized, free movement of labour within the Member States. At present, the oil service industry need to broaden the market, enhance their overseas competitiveness. China to join TPP agreement system more favorable to the oil service industry learn from foreign oil service companies have advanced technology and management, improve their services and competitiveness. Also, join the TPP can attract more foreign oil technicians and management personnel, and promote personnel exchanges within the industry, enhance the strength, promote employment in the industry, driving the overall development of the oil and gas industry.
Withdrawal of the United States TPP Hou and other 11 If Member States want to make China to fill the gap, continued TPP Economic influence and trading the right to speak, part of China's stringent entry requirements must be reduced ( For example, " currency exchange " ) 。 But the entire TPP agreement system and its goal, China too much on foreign trade control policies and issues such as State-owned oil and gas company is not open enough, China into TPP system of multiple obstacles. China petrochemical enterprise in the United States quit TPP due to development may come well prepared for challenges.
First of all, the openness of China's State-owned oil and gas companies has yet to be further improved, and within a short time it is difficult to change the existing mode of governance and ownership structure. Not only to China's State-owned oil and gas enterprises in TPP under trade challenges, also on China's petrochemical enterprises in the world trading system under the rapid development of resistance.
Second, China's petrochemical enterprises may join TPP Protocol has been hit. By comparison,TPP in the other Member States of more skilled, lower-cost petrochemicals business may seize the Petro-chemical enterprises in China's domestic market, or will cause a brain drain of domestic petroleum and chemical, resulting in losses of domestic petrochemical enterprises.
Finally, China's petrochemical enterprises to strengthen and TPP Member States cooperation in petrochemical industry, will inevitably lead to increase in production and sales pressure. To meet the growing production and sales volume, technical innovation and management improvement is necessary.
In response to the challenges to meet the TPP Protocol architecture, Chinese Petro-chemical enterprises must do the following: first, speed up reform of the oil and gas companies to encourage private capital investment, enhance the management level of enterprises, make efforts to restructure the enterprise's ownership structure, on the premise of full supervision, give full autonomy to enterprises, in order to achieve TPP Protocol for the basic requirements of free trade ; Second, petrochemical enterprises should strengthen their competitive advantage, pay attention to personnel training and treatment overall talent, develop overseas markets at the same time, by increasing efficiency and reducing the cost of production to guarantee domestic market share ; Third, in TPP Members in the process, be sure to pay attention to absorbing foreign advanced production technology and management models, and apply in practice to encourage petrochemical industry research, development and innovation, enhance the level of production and productivity, to create a new core competencies.
Overall, the withdrawal of the United States TPP Not only for the other Member States no small impact on the petroleum and chemical industry, also bring opportunities and challenges to China Petroleum and chemical enterprises. China's petrochemical enterprises should take the initiative and actively with agreement States in its exploration, production, sales and other areas of cooperation, and efforts to expand overseas markets, strengthening technology and talents, promote the development of domestic petroleum and chemical industry as a whole.