China-ASEAN petrochemical industry international cooperation faces new opportunities

Based on the views of Li Shousheng, President of the China Petroleum and Chemical Industry Federation and other experts, China and ASEAN are both important growth poles of the world economy, and both are developing countries.

First, ASEAN has a very advantageous geographical location and is an important node on the Maritime Silk Road

Second, ASEAN is rich in energy resources and is highly complementary to China's resources

The third is that China has advantages in technology research and development, and its petroleum and chemical industry chain innovation and green development capabilities are relatively strong

Fourth, the official signing of the RCEP has created new opportunities for the cooperation and development of China-ASEAN petroleum and chemical industries

The "14th Five-Year" development plan and related special plans; Malaysia’s East Coast Economic Zone, Sarawak Renewable Energy Corridor and other industries that will focus on the petroleum and chemical industry as one of the industries that encourage investment; Thailand will focus on oil refining, petroleum and chemical raw materials, and plastic products It is listed as industries that encourage investment; Brunei will provide preferential policy support to the production of oil refining, plastics and synthetic materials products as pioneer industries; Vietnam plans to concentrate investment in the development of the petroleum and chemical industries by 2025

At present, Singapore and Thailand among ASEAN countries have approved the RCEP agreement, and among non-ASEAN countries, China and Japan have completed the approval process