In the first 10 months of 2023, Shandong Province exported 290 million new pneumatic rubber tyres, an increase of 19.7 per cent over the same period last year, according to Qingdao Customs statistics. The value of tyre exports was 74.71 billion yuan, an increase of 20.7 per cent. The average tyre export price was 261.8 yuan per tyre, a rise of 0.8 per cent.
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The Regional Comprehensive Economic Partnership (RCEP) agreement came into force in the Philippines on Friday, meaning the world's largest free trade pact is now in effect for all its 15 members.