三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Landmark RCEP trade pact to boost regional economic integration

Xinhua | Updated: 2020-11-18 14:07
Share
Share - WeChat
Chinese Premier Li Keqiang and leaders of other countries attend the signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) agreement after the fourth RCEP Summit, which is held via video link, on Nov 15, 2020. [Photo/Xinhua]

BEIJING -- The signing of the Regional Comprehensive Economic Partnership (RCEP), the world's biggest trade pact, marks a new stride toward regional economic integration among Asia-Pacific countries.

After 31 rounds of negotiations over eight years, the trade agreement between 10 members of the Association of Southeast Asian Nations, China, Japan, the Republic of Korea (ROK), Australia and New Zealand was signed on Sunday.

Hailed as "a victory of multilateralism and free trade," the pact will vigorously boost confidence in regional trade and investment, reinforce the industrial and supply chains, hasten the economic recovery and promote the long-term prosperity of the region.

The RCEP integrates existing free-trade partnerships among participating countries, while establishing new ones between China and Japan, and between Japan and the ROK, China's Ministry of Commerce (MOC) said in a series of articles explaining the trade agreement on its website.

The pact optimizes economic and trade rules among signatories, streamlining procedures to facilitate cross-border logistics and introducing negative lists to promote investment liberalization, the MOC said.

More economic and technological assistance will be provided for the developing and least-developed economies in the region after the RCEP comes into force, as part of efforts to promote regional coordinated development, according to the ministry.

Specifically, RCEP signatories will promote opening-up in trade in goods and services, investment and personnel exchange.

After the pact takes effect, more than 90 percent of the import tariffs between participating countries will be phased out, which will reduce production costs and commodity prices, bringing benefits to both enterprises and consumers, said the MOC.

The 15 signatories have all pledged wider opening-up in the services-trade sector, focusing on areas including health care, real estate, finance and transportation.

Meanwhile, business people will be able to obtain visas more conveniently from RCEP countries, further facilitating trade and investment, said the MOC.

Cao Jing, deputy secretary-general of the Trilateral Cooperation Secretariat, which consists of China, Japan and the ROK, said the signing of the RCEP will lead to robust growth of trade and investment in participating countries as it represents higher-level opening-up, a larger market and better policies.

Covering a market of 2.27 billion people and a combined GDP of $26.2 trillion, the RCEP signatories, which account for about one third of the world's economy, will become a large integrated market, thus injecting impetus into regional and global economic growth, the MOC said.

The RCEP will also reduce the current "obstructions" in the global industrial chains and supply chains, and accelerate post-pandemic economic recovery, according to Cao.

Signed at a time when a coronavirus-triggered recession looms large globally, the RCEP shines rays of hope through the dark clouds of global trade uncertainty, proving to the world that openness and cooperation are a sure path toward common prosperity.

The signing of the RCEP is crucial and timely, said Ruan Zongze, executive vice president of the China Institute of International Studies, adding that the RCEP agreement represents a victory for multilateralism over unilateralism and free trade over protectionism.

It accommodates the broadest possible interests, conditions and priorities and sends a clear message of East Asian countries working together for shared prosperity, said Ruan.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本a毛片在线播放 | 国产午夜精品一区二区三区不卡 | xxxporn日本护士24 | 国产高清露脸 | 日批日韩在线观看 | 妞干网手机免费视频 | 欧美日韩亚洲精品一区二区三区 | 色视频在线观看 | 中国一级黄 | 国产亚洲毛片在线 | 国产日韩欧美精品 | 青青操免费在线观看 | 免费爱爱的视频太爽了 | 国产三级黄色 | 国产高清免费在线观看 | 久久91精品国产91久 | 亚洲精品不卡久久久久久 | 视频在线观看rrr在线观看 | 中日韩美中文字幕 | 日韩永久在线观看免费视频 | 久久久一区二区三区不卡 | 国产一级视频免费 | 久久国产自偷自免费一区100 | 性视频网站视频免费 | 美女隐私视频黄www免费 | 亚洲人成黄网在线观看 | 爱爱免费 | 一级做a免费观看大全 | 边吃奶边弄进去男女视频 | 你操综合| 老人与老人免费a级毛片 | 精品国产高清毛片 | 午夜精品aaa国产福利 | 国产欧美日韩在线视频 | 欧美日韩一二区 | 在线观看免费视频国产 | 欧美日韩一区二区在线视频播放 | 女人毛片 | 尤物在线 | 成人影院在线观看kkk4444 | 青青在线精品2018国产 |