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 other RCEP countries, including China, said ASEAN Secretary-General Kao Kim Hourn at the RCEP High-Level Dialogue on Economic and Trade Cooperation. Kao said that with both RCEP and China-ASEAN free trade agreement 3.0 in place, he is confident that trade and investment between ASEAN, China, and other RCEP partners will continue to flourish and expand. Li Fei, Chinese vice-minister of commerce, said the synergy between the RCEP and the China-ASEAN free trade agreement injected strong impetus to regional integration and the growth of global trade and investment.

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History of this topic

China-ASEAN FTA set for key upgrade
2 months, 3 weeks ago

China-ASEAN FTA set for key upgrade

China Daily  

Visitors inquire about products at the China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Tuesday. A "substantial upgrade" of the China-ASEAN Free Trade Area may be announced during an upcoming summit in Laos, said Kao Kim Hourn, secretary-general of the Association of Southeast Asian Nations, on Wednesday. Noting that China and member economies of ASEAN have been working actively …

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 …

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 …

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 …

Building RCEP region into a big market
6 months, 3 weeks ago

Building RCEP region into a big market

China Daily  

JIN DING/CHINA DAILY In the two years since the Regional Comprehensive Economic Partnership agreement came into effect, a new regional cooperation architecture featuring shared dividends and common development has taken preliminary shape. Building the RCEP trade area into a big and high-level regional market will not only help boost regional and global economic growth but also stabilize the global economy …

China-ASEAN industrial cooperation deepens on RCEP
10 months, 2 weeks ago

China-ASEAN industrial cooperation deepens on RCEP

China Daily  

Customs officials inspect durian quality at a port in Pingxiang, Guangxi Zhuang autonomous region, in September. As the world's largest free trade agreement, the RCEP includes 10 ASEAN members, along with China, Japan, South Korea, Australia and New Zealand. According to China's General Administration of Customs, ASEAN remained China's largest trading partner in 2023, with the total trade between the …

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 …

Two countries capitalizing on their complementary industrial structures
1 year ago

Two countries capitalizing on their complementary industrial structures

China Daily  

Customers shop at the ASEAN goods section of the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Sept 19. Growing trade between the two countries, advantageous tariff rates resulting from free trade agreements, enhanced international capacity cooperation and surging Chinese corporate investment in Vietnam are creating many more opportunities, they said. Amid a global economic slowdown and weakening …

Two countries capitalizing on their complementary industrial structures
1 year ago

Two countries capitalizing on their complementary industrial structures

China Daily  

Customers shop at the ASEAN goods section of the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Sept 19. Growing trade between the two countries, advantageous tariff rates resulting from free trade agreements, enhanced international capacity cooperation and surging Chinese corporate investment in Vietnam are creating many more opportunities, they said. Amid a global economic slowdown and weakening …

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 …

Extend key linkages for RCEP members
1 year, 6 months ago

Extend key linkages for RCEP members

China Daily  

Participants at the 2023 RCEP Local Governments and Friendship Cities Cooperation Forum in Anhui province. Local governments and friendship cities of the Regional Comprehensive Economic Partnership member countries must speed up steps to boost cooperation in industrial and supply chains to help private companies, especially micro, small and medium-sized enterprises, officials and experts said on Friday. "Local governments and friendship …

RCEP Forum to kick off in Huangshan city
1 year, 6 months ago

RCEP Forum to kick off in Huangshan city

China Daily  

An aerial view of Tunxi district in Huangshan city. The 2023 RCEP Local Government and Friendship Cities Cooperation Forum is set to take place in Tunxi district in Huangshan city of Anhui province from June 9 to 10. Themed "Regional Cooperation for a Win-Win Future", the forum will include various activities such as a keynote report, a roundtable dialogue involving …

Yantai firms reap rewards of RCEP
1 year, 10 months ago

Yantai firms reap rewards of RCEP

China Daily  

Foreign trade businesses in the coastal city of Yantai, East China's Shandong province, are reaping the benefits from the Regional Comprehensive Economic Partnership, which took effect on Jan 1, 2022. Doosan Infracore, a South Korea-invested machinery company in the Yantai Area of Shandong FTZ, received a truck load of imported excavator parts from South Korea, and enjoyed an import tariff …

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 …

Yantai vows to deepen cooperation with RCEP members
2 years ago

Yantai vows to deepen cooperation with RCEP members

China Daily  

The coastal city of Yantai plans to further enhance cooperation and exchanges with Regional Comprehensive Economic Partnership members, according to statements made at the Conference on International Industrial Cooperation and Exchanges with RCEP 2022, which was held in the city on Nov 25. The conference was held via both online and offline channels, and enterprise representatives from Yantai and RCEP …

​Jinan boosts opening-up under RCEP
2 years ago

​Jinan boosts opening-up under RCEP

China Daily  

Officials discuss advantages of RCEP agreement at a conference in Jinan, Shandong province. Jinan, capital of East China's Shandong province, has boosted opening-up and high-quality development under the Regional Comprehensive Economic Partnership agreement, officials said during a recently held conference in the city. The RCEP, the world's largest free trade deal, covers 10 member states of the Association of Southeast …

China hopes for major ASEAN ties boost
2 years, 3 months ago

China hopes for major ASEAN ties boost

China Daily  

China is willing to vigorously improve the level of economic and trade cooperation with the Association of Southeast Asian Nations and build a closer China-ASEAN community with shared interests, said a senior official during the opening ceremony of the 19th China-ASEAN Expo on Friday in Nanning, Guangxi Zhuang autonomous region. Chinese Vice-Premier Han Zheng, also a member of the Standing …

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 trade to benefit recovery of world economy
2 years, 7 months ago

RCEP trade to benefit recovery of world economy

China Daily  

Benjamas Tanvetyanont, consul-general of Thailand in Nanning, Guangxi Zhuang autonomous region, promotes products via livestreaming in Nanning on March 28. As the RCEP is a trade deal between the 10-member Association of Southeast Asian Nations and China, Japan, the Republic of Korea, Australia and New Zealand, they said the pact will reinforce regional trade and investment and help companies, especially …

RCEP trade to benefit recovery of world economy
2 years, 7 months ago

RCEP trade to benefit recovery of world economy

China Daily  

Benjamas Tanvetyanont, consul-general of Thailand in Nanning, Guangxi Zhuang autonomous region, promotes products via livestreaming in Nanning on March 28. As the RCEP is a trade deal between the 10-member Association of Southeast Asian Nations and China, Japan, the Republic of Korea, Australia and New Zealand, they said the pact will reinforce regional trade and investment and help companies, especially …

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 …

Coastal province to ride wave of expansive trade agreement
2 years, 11 months ago

Coastal province to ride wave of expansive trade agreement

China Daily  

RCEP helps Shandong forge stronger links with booming East Asian economies Coastal Shandong province is poised to play a larger role in economic integration with Japan and South Korea by utilizing opportunities offered by the Regional Comprehensive Economic Partnership agreement, which now encompasses China and the two big East Asian economies in the same free trade framework for the first …

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 …

World's largest free trade deal boosts confidence of enterprises
2 years, 11 months ago

World's largest free trade deal boosts confidence of enterprises

China Daily  

BEIJING -- Soon after midnight on New Year's Day, a freight train departed from South China's Guangxi Zhuang autonomous region for Vietnam, a member country of the Regional Comprehensive Economic Partnership. The RCEP -- the world's largest free trade deal -- came into force on Saturday. "The company and overseas partners both benefit a lot from following the trend of …

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 …

Guangxi welcomes effective implementation of RCEP
2 years, 11 months ago

Guangxi welcomes effective implementation of RCEP

China Daily  

In order to seize the new opportunities of the Regional Comprehensive Economic Partnership, make good use of the new RCEP policies, further expand Guangxi's foreign economic and trade cooperation, and help form a new pattern of comprehensive opening up, Guangxi held a series of activities surrounding the launch of the RCEP in Nanning on Dec 30. Based on the China …

Guangxi FTZ responds to RCEP rules
3 years ago

Guangxi FTZ responds to RCEP rules

China Daily  

China Pilot Free Trade Zone has economic and trade exchanges with other member states of the Regional Comprehensive Economic Partnership. In order to develop further, Guangxi FTZ must give full play to its own advantages, make good use of RCEP rules and develop alongside RCEP member states. Given its Cumulative Rules of Origin, RCEP will further expand and stabilize regional …

Guangxi strengthens cooperation with ASEAN
3 years ago

Guangxi strengthens cooperation with ASEAN

China Daily  

In the next five years, Guangxi will strive to make the most of version 3.0 of ASEAN–China Free Trade Area to expand production capacity, economic and trade exchanges and cooperation with the Association of Southeast Asian Nations, according to a Guangxi official. Guangxi will accelerate the construction of a "Greater Bay Area-Beibu Gulf Economic Zone-ASEAN" cross-regional and cross-border industrial supply …

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 industrial cooperation center launched in Yantai
3 years, 6 months ago

RCEP industrial cooperation center launched in Yantai

China Daily  

Zheng Deyan, mayor of Yantai, met with Xu Ningning, executive president of the China-ASEAN Business Council on June 9. Zheng said that Yantai is one of the first 14 coastal cities in China that was opened to the outside world and the city has been making efforts to seize the opportunities brought by the Regional Comprehensive Economic Partnership to boost …

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 …

Shandong to seize RCEP opportunities in new era
3 years, 10 months ago

Shandong to seize RCEP opportunities in new era

China Daily  

Shandong's top officials highlighted the need to seize opportunities arising from the signing of the Regional Comprehensive Economic Partnership agreement and explore new areas for international trade and commerce during the fifth session of the 13th Shandong Provincial People's Congress. According to this year's Shandong provincial government work report, the province will build an RCEP pilot zone for local economic …

Tianjin envisions growing importance with signing of RCEP
4 years ago

Tianjin envisions growing importance with signing of RCEP

China Daily  

The recent formal signing of the Regional Comprehensive Economic Partnership agreement by 15 states, marking the birth of the world's largest free trade area, will increase Tianjin’s importance as the international shipment spot in northern China. By lowering tariffs and non-tariff barriers between the members and expanding market access to services and investment, the deal promotes regional trade and investment …

Tianjin envisions growing importance with signing of RCEP
4 years ago

Tianjin envisions growing importance with signing of RCEP

China Daily  

The recent formal signing of the Regional Comprehensive Economic Partnership agreement by 15 states, marking the birth of the world's largest free trade area, will increase Tianjin’s importance as the international shipment spot in northern China. By lowering tariffs and non-tariff barriers between the members and expanding market access to services and investment, the deal promotes regional trade and investment …

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 …

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