More efforts urged to reap RCEP benefits
3 months, 3 weeks ago

More efforts urged to reap RCEP benefits

China Daily  

Dongguan in South China's Guangdong province is a busy port on the Pearl River. Global experts and leaders called for higher utilization rates under the Regional Comprehensive Economic Partnership, or RCEP, and making collective efforts to unleash the full potential of the framework for economic prosperity for all. "ASEAN members have rather low utilization rates of RCEP, which constrains the realization of the agreement's benefits," said Ong Tee Keat, president of the Belt and Road Initiative Caucus for Asia Pacific in Malaysia. As Thailand's biggest trading partner for nine consecutive years, China's proactive high-level opening-up to ASEAN will have a significant leverage effect, enhancing RCEP's vitality, she said. "Together with the Belt and Road Initiative that has largely improved logistics links between China and Thailand, the implementation of RCEP will bring more diversified trade and transportation modes and significantly boost China-Thailand trade ties," she said.

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History of this topic

RCEP cooperation to continue growing, forum hears
2 months, 4 weeks ago

RCEP cooperation to continue growing, forum hears

China Daily  

MA XUEJING/CHINA DAILY Cooperation among Regional Comprehensive Economic Partnership economies will continue to flourish and create benefits for the people of the region, a forum in South China's Nanning, Guangxi Zhuang autonomous region, opined on Tuesday. RCEP allows the Association of Southeast Asian Nations to progress toward a new level of regional economic integration, laying the foundation for a thriving …

RCEP High-Level Dialogue on Economic and Trade Cooperation held in Guangxi
2 months, 4 weeks ago

RCEP High-Level Dialogue on Economic and Trade Cooperation held in Guangxi

China Daily  

The RCEP High-Level Dialogue on Economic and Trade Cooperation was held on Monday during the 21st China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region. RCEP allows the Association of Southeast Asian Nations to progress towards a new level of regional economic integration, laying the foundation for a thriving digital economy and expanding opportunities for traders and businesses across ASEAN and …

RCEP High-Level Dialogue on Economic and Trade Cooperation held in Guangxi
2 months, 4 weeks ago

RCEP High-Level Dialogue on Economic and Trade Cooperation held in Guangxi

China Daily  

The RCEP High-Level Dialogue on Economic and Trade Cooperation was held on Monday during the 21st China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region. RCEP allows the Association of Southeast Asian Nations to progress towards a new level of regional economic integration, laying the foundation for a thriving digital economy and expanding opportunities for traders and businesses across ASEAN and …

More efforts urged to reap RCEP benefits
3 months, 3 weeks ago

More efforts urged to reap RCEP benefits

China Daily  

Dongguan in South China's Guangdong province is a busy port on the Pearl River. Global experts and leaders called for higher utilization rates under the Regional Comprehensive Economic Partnership, or RCEP, and making collective efforts to unleash the full potential of the framework for economic prosperity for all. "ASEAN members have rather low utilization rates of RCEP, which constrains the …

RCEP fostering development in Southeast Asia
5 months ago

RCEP fostering development in Southeast Asia

China Daily  

MA XUEJING/CHINA DAILY The Association of Southeast Asian Nations stands at the center of a dynamic economic tapestry in Asia and Oceania. The three countries and ASEAN, with the help of the Regional Comprehensive Economic Partnership agreement, are facilitating the economic development of Southeast Asia through trade, investment, technological innovation, and supply chain integration. China is ASEAN's largest trading partner, …

Expanded horizons
5 months, 1 week ago

Expanded horizons

China Daily  

WANG XIAOYING/CHINA DAILY While the renminbi is being more widely used in China's cross-border payments with Regional Comprehensive Economic Partnership member countries, the US dollar remains the dominant currency used in settlements and payments between other RCEP members, and RCEP cross-border clearing mainly relies on the SWIFT system. First, compared with high-standard free trade agreements, the RCEP needs to strengthen …

Expanded horizons
5 months, 1 week ago

Expanded horizons

China Daily  

WANG XIAOYING/CHINA DAILY While the renminbi is being more widely used in China's cross-border payments with Regional Comprehensive Economic Partnership member countries, the US dollar remains the dominant currency used in settlements and payments between other RCEP members, and RCEP cross-border clearing mainly relies on the SWIFT system. First, compared with high-standard free trade agreements, the RCEP needs to strengthen …

Maximizing RCEP's potential
5 months, 2 weeks ago

Maximizing RCEP's potential

China Daily  

MA XUEJING/CHINA DAILY Robust public-private partnerships are key while media and think tanks can direct more resources to help MSMEs fully integrate into the new ecosystems The full implementation of the Regional Comprehensive Economic Partnership agreement by all 15 signatory parties in 2023 marked a key milestone for the establishment of the largest free trade agreement in the world, with …

RCEP fuels regional growth amid economic recovery, challenges
11 months, 2 weeks ago

RCEP fuels regional growth amid economic recovery, challenges

China Daily  

A staff member loads packed durians into a truck at a processing facility in Chumphon, Thailand. Two years on, the world's largest free trade pact in terms of population and trade volume, has unleashed tremendous benefits for regional integration in the Asia-Pacific region and powered up economic recovery. The ASEAN remained China's largest trading partner in the first 11 months …

Chinese minister says India free to join RCEP trade bloc
1 year, 3 months ago

Chinese minister says India free to join RCEP trade bloc

Hindustan Times  

India is free to join the Regional Comprehensive Economic Partnership, China's Vice Commerce Minister Wang Shouwen said on Friday in New Delhi, adding that it would boost trade between India and China which is growing "very fast". The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and 10 …

RCEP boosts confidence in trade, regional cooperation
1 year, 6 months ago

RCEP boosts confidence in trade, regional cooperation

China Daily  

HEFEI - On June 2, the day the Regional Comprehensive Economic Partnership entered into force in the Philippines, Chizhou Customs in East China's Anhui province issued an RCEP Certificate of Origin for a batch of goods exported to the Southeast Asian country. Yang Jun, chairman of Conch Group Co Ltd, a leader in China's cement industry, said on Friday that …

Chinese manufacturers hail closer economic ties with RCEP countries
1 year, 9 months ago

Chinese manufacturers hail closer economic ties with RCEP countries

China Daily  

Vehicles with RCEP written on the body are seen at a port. Situated in South China's Guangxi Zhuang autonomous region, which faces RCEP economies in Southeast Asia, the company has achieved a string of breakthroughs in overseas markets this year, riding the wave of China's economic recovery and booming China-RCEP cooperation. Our sales network in the region is fairly complete," …

RCEP boosts trade growth amid gloomy global outlook
1 year, 10 months ago

RCEP boosts trade growth amid gloomy global outlook

China Daily  

An employee operates a production machine at a workshop of Jiangsu Golden Autumn Elastic Fabrics Co Ltd in Nantong, Jiangsu province, on April 18. "Since the RCEP went into effect on Jan 1, 2022, especially after China recently allowed the importation of a number of Vietnamese agricultural products such as durian, bird's nest, sweet potato and passion fruit, Vietnamese enterprises …

Agreement injects impetus into Asia-Pacific trade
1 year, 11 months ago

Agreement injects impetus into Asia-Pacific trade

China Daily  

While most people were enjoying a good rest to usher in the New Year, warehouses in Guangxi Wuzhou Rixin Plastics Industrial Co Ltd were moving into top gear for a new consignment of exports. The RCEP agreement, which entered into force on Jan 1, 2022, comprises 15 Asia-Pacific countries, including 10 ASEAN member states and five major trading partners — …

Chinese exporters see win-win deals as RCEP takes effect in Indonesia
1 year, 11 months ago

Chinese exporters see win-win deals as RCEP takes effect in Indonesia

China Daily  

Engineering machinery is loaded at Yantai Port, Shandong province, for export to Indonesia. Indonesia's new regulations have specified the procedure of obtaining certificates of origin for goods exported from the Southeast Asian country, as part of implementing the RCEP agreement, said Indonesian Trade Minister Zulkifli Hasan. According to Sun's calculations, the new policy could help his company save more than …

CAEXPO gathering highlights role of businesses and operators in RCEP yields
2 years, 3 months ago

CAEXPO gathering highlights role of businesses and operators in RCEP yields

China Daily  

By YANG HAN in Hong Kong and ZHANG LI in Nanning | chinadaily.com.cn | Updated: 2022-09-16 21:21 Liu Ning, Party chief of Guangxi Zhuang autonomous region, delivers welcome remarks at the 2nd RCEP Economic and Trade Cooperation Business Summit and Furthering RCEP Implementation Forum on Sept 16. The business community needs to play a bigger role in the Regional Comprehensive …

RCEP to help upgrade, boost economic growth
2 years, 7 months ago

RCEP to help upgrade, boost economic growth

China Daily  

Workers operate on a production line for export-bound electronic devices at a factory in Pingxiang, Guangxi Zhuang autonomous region. "As Chinese importers face multiple pressures, the RCEP is expected to provide more growth room for the nation's exports through creating new market demand with tariff concessions," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and …

RCEP helps build regional resilience, boost economic recovery, says Thai commerce official
2 years, 8 months ago

RCEP helps build regional resilience, boost economic recovery, says Thai commerce official

China Daily  

Aerial photo taken on Dec 1, 2021 shows the container terminal in Lianyungang, East China's Jiangsu province. BANGKOK -- The Regional Comprehensive Economic Partnership, which took effect in January, is set to play an important role in building the region's resilience through inclusive and sustainable post-pandemic economic recovery, a Thai commerce official said. RCEP is aimed at creating a new …

RCEP galvanizes Shinan's high-speed development
2 years, 11 months ago

RCEP galvanizes Shinan's high-speed development

China Daily  

With the Regional Comprehensive Economic Partnership or RCEP trading agreement having come into effect on Jan 1, Shinan district – located in Qingdao city in East China's Shandong province – is tapping its potential and moving to create an attractive and quality environment that will galvanize the development of foreign trade, according to local media reports on Jan 13. Fifteen …

RCEP takes effect; boon for Asia-Pacific
2 years, 11 months ago

RCEP takes effect; boon for Asia-Pacific

China Daily  

Qingdao Port is a subsidiary of Shandong Port Group, the world's largest port conglomerate in terms of cargo capacity. Chinese consumers are likely to buy more quality imported fruits and vegetables at good prices as the Regional Comprehensive Economic Partnership, or RCEP, took effect on Saturday, officials and experts said. Shandong Port Group, the world's largest port conglomerate in terms …

RCEP takes effect; boon for Asia-Pacific
2 years, 11 months ago

RCEP takes effect; boon for Asia-Pacific

China Daily  

Qingdao Port is a subsidiary of Shandong Port Group, the world's largest port conglomerate in terms of cargo capacity. Chinese consumers are likely to buy more quality imported fruits and vegetables at good prices as the Regional Comprehensive Economic Partnership, or RCEP, took effect on Jan 1, officials and experts said. Shandong Port Group, the world's largest port conglomerate in …

RCEP comes into effect on first day of 2022
2 years, 11 months ago

RCEP comes into effect on first day of 2022

China Daily  

BEIJING - The Regional Comprehensive Economic Partnership agreement, the world's largest free trade agreement, entered into force on Saturday. After the agreement takes effect, more than 90 percent of merchandise trade among members that have approved the agreement will eventually be subject to zero tariffs. With optimized trade rules among signatories, streamlined procedures and wider opening-up in the sectors of …

Asia looks to China-focused trade bloc for virus recovery
2 years, 11 months ago

Asia looks to China-focused trade bloc for virus recovery

Associated Press  

BANGKOK — Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade and business activity, will help power their recoveries from the pandemic. Beijing is fully prepared for the new trading bloc, having already fulfilled 701 “binding obligations” for RCEP, Chinese vice minister for commerce Ren Hongbin …

RCEP poised to boost trade, investment in Asia-Pacific
3 years, 1 month ago

RCEP poised to boost trade, investment in Asia-Pacific

China Daily  

By ZHAO RUINAN| China Daily| Updated :2021-11-24 The Regional Comprehensive Economic Partnership will facilitate trade and investment in the Asia-Pacific region, boost post-pandemic economic recovery and set an example for regional and multilateral cooperation, analysts said. The trade deal, which is designed to remove tariffs on about 90 percent of goods, will facilitate trade and investment in the region, especially …

RCEP poised to boost trade, investment in Asia-Pacific
3 years, 1 month ago

RCEP poised to boost trade, investment in Asia-Pacific

China Daily  

The Regional Comprehensive Economic Partnership will facilitate trade and investment in the Asia-Pacific region, boost post-pandemic economic recovery and set an example for regional and multilateral cooperation, analysts said. The trade deal, which is designed to remove tariffs on about 90 percent of goods, will facilitate trade and investment in the region, especially as it will follow the past two …

RCEP countries urged to integrate, restructure resources to restore global growth
3 years, 7 months ago

RCEP countries urged to integrate, restructure resources to restore global growth

China Daily  

The Regional Comprehensive Economic Partnership's participating countries are urged to integrate high-quality resources, and restructure supply and value chains to create a new force for restoring global economic growth, according to a joint statement released by business associations of the pact's member economies. With a view to accelerating the RCEP agreement to enter into force as early as possible, and …

RCEP countries urged to integrate, restructure resources to restore global growth
3 years, 7 months ago

RCEP countries urged to integrate, restructure resources to restore global growth

China Daily  

The Regional Comprehensive Economic Partnership's participating countries are urged to integrate high-quality resources, and restructure supply and value chains to create a new force for restoring global economic growth, according to a joint statement released by business associations of the pact's member economies. With a view to accelerating the RCEP agreement to enter into force as early as possible, and …

Qingdao hosts RCEP forum for economic and trade cooperation
3 years, 7 months ago

Qingdao hosts RCEP forum for economic and trade cooperation

China Daily  

The RCEP Qingdao Pilot Innovation Base for Economic and Trade Cooperation starts construction on Jan 18. The Regional Comprehensive Economic Partnership High-level Forum for Economic and Trade Cooperation was launched in the eastern coastal city of Qingdao, Shandong province on April 25. Lin Yuhui, secretary-general of ASEAN Secretariat, said that the RCEP agreement has led to modern, comprehensive, high-quality, and …

Significant stepping stone
4 years ago

Significant stepping stone

China Daily  

The Regional Comprehensive Economic Partnership will likely shape the future of trade in Asia and beyond CAI MENG/CHINA DAILY The signing of the Regional Comprehensive Economic Partnership agreement on Nov 15 concluded eight years of negotiations among the members of the Association of Southeast Asian Nations, Australia, China, Japan, the Republic of Korea and New Zealand. In 2018, the overall …

RCEP and China: A deal that can make a difference
4 years ago

RCEP and China: A deal that can make a difference

The Hindu  

Amonth after the signing of the Regional Comprehensive Economic Partnership agreement by 15 countries in the Asia-Pacific region, speculation on what its economic and strategic fallout could be has waned. Moreover, other than reducing tariffs from already low levels and harmonising clauses relating to different aspects of trade in the different agreements that rule in the region, the new deal …

What happens now the RCEP trade deal, the world’s biggest, has been signed?
4 years, 1 month ago

What happens now the RCEP trade deal, the world’s biggest, has been signed?

Live Mint  

Fifteen Asia-Pacific economies signed what could become the world's largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations : Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, …

Explainer: What Happens Now The RCEP Trade Deal Has Been Signed?
4 years, 1 month ago

Explainer: What Happens Now The RCEP Trade Deal Has Been Signed?

News 18  

Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations : Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, …

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