The Regional Comprehensive Economic Partnership agreement is set to accelerate the regional economic integration, inject more growth impetus to the world's economic recovery and shore up multilateralism and free trade, experts said on Sunday.
The Regional Comprehensive Economic Partnership agreement is set to accelerate the regional economic integration, inject more growth impetus to the world's economic recovery and shore up multilateralism and free trade, experts said on Sunday.
A high-level think tank forum unfolded in Beijing and Haikou, Hainan province on Saturday, with experts and scholars expressing optimistic views about the prospects of industrial cooperation between Hainan and ASEAN countries.
Delegates attend the Regional Comprehensive Economic Partnership Media and Think Tank Forum in Haikou, China. Photo courtesy China Daily s website
With its ratification steadily advancing, the Regional Comprehensive Economic Partnership (RCEP) agreement is likely to come into force next year, shoring up regional development and injecting strong growth impetus into the global economy, experts and industry insiders said on Sunday,
China Daily reported.
Signed by China, Japan, the Republic of Korea, Australia, New Zealand and 10 members of the Association of Southeast Asian Nations (ASEAN) in November 2020, the agreement has created the world s largest free-trade bloc. It will enter into force 60 days after being ratified by six of the ASEAN members and three non-ASEAN countries.
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2021-05-24 17:12
With its ratification steadily advancing, the Regional Comprehensive Economic Partnership agreement is likely to come into force next year, shoring up regional development and injecting strong growth impetus into the global economy, experts and industry insiders said.
Signed by China, Japan, the Republic of Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations in November 2020, the agreement has created the world s largest free trade bloc. It will enter into force 60 days after being ratified by six of the ASEAN members and three non-ASEAN countries.
Thailand, Singapore, China and Japan have already ratified the RCEP. And the Ministry of Commerce has said that all the signatory states have expressed their intention to ratify the deal within the year so that it can come into force on Jan 1,2022.