On April 16, the RCEP Industry Cooperation Committee was established in Beijing. Representatives of the business communities of 15 RCEP member states pledged to engage in close regional industrial cooperation and work together to promote the implementation of the Regional Comprehensive Economic Partnership Agreement.
The RCEP, signed on November 15, 2020 and composed of the 10 ASEAN countries as well as China, Japan, South Korea, Australia, and New Zealand, is a free trade zone with the largest population, the largest economy, the most diverse membership structure, and the greatest potentials for development in the world.
The cooperation committee is mainly composed of representatives of the business communities of 15 RCEP member states. At the inauguration ceremony, Xu Ningning, Executive President of the China-ASEAN Business Council, Shen Guofang, Executive President of the China Foundation for International Studies of the Ministry of Foreign Affairs, and Yu Ping, Former Vice President of the China Council for the Promotion of International Trade, and representatives of embassies of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia, and New Zealand in China pressed their fingerprints to start the establishment of the cooperation committee.