November 15, the Ministry of Commerce Research Institute of International Markets, deputy director of the Institute of Bai Ming said in an interview, in the framework of the RCEP the FTA to build a regional economic circle, will enhance China and even the whole of ASEAN's ability to fight against international financial risks . At the same time, more zero-tariff products will enter China, which will also benefit Chinese foreign trade enterprises and people.
On Nov. 15, the signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) was conducted by video, and the ministers of economic and trade of the 15 member countries formally signed the agreement.
On the day of the agreement's signing, Chinese Premier Li of the State Council said it was not only a highly symbolic achievement for East Asian regional cooperation, but also a victory for multilateralism and free trade.
Under the impact of the epidemic, the world is facing unprecedented changes. The signing of RCEP is seen as a true reflection of China's openness to the outside world and the protection of a diversified market supply chain. This kind of openness and diversity not only includes encouraging Chinese enterprises to "go out" to enter the world market, but also includes opening China's door to the world to welcome enterprises and investors from all over the world.
Expanded Information
RCEP content:
RCEP contains a wide range of content, in addition to the elimination of internal barriers to trade, create and improve the free investment environment, expanding the trade in services, the RCEP will also involve the protection of intellectual property rights, competition policy and many other areas.
The signing of the agreement has been noted around the world, and it is worth waiting to see whether the signing of RCEP can lead Asia-Pacific countries to take the lead in economic recovery, especially at the current time when the world is still facing the challenge of the new crown epidemic.?
South Korean President Moon Jae-in said on the same day that RCEP has the best conditions to lead the era after the epidemic, which will create the world's largest e-commerce market, where small and medium-sized enterprises (SMEs), start-ups, and countries with different levels of development will join hands to ****create the future, trade barriers will be lowered in the region, and there will be free movement of people, goods, and businesses.
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