China looks forward to the RCEP coming into force

Beijing Review | Apr 7, 2021 at 2:00 AM
  • Jilin Province enjoys bustling trade with the 10-member Association of Southeast Asian Nations (ASEAN) and four other Asia-Pacific economies, all of whom signed the Regional Comprehensive Economic Partnership (RCEP) agreement together with China last year, creating the largest free trade bloc in the world.
  • In the first two months this year, the coastal province in southeast China realized double-digit growth in trade with all its major trading partners, ASEAN being the largest one.
  • The trade facilitation provisions of the RCEP will also improve the efficiency of customs clearance and logistics, unleash potentials in the regional consumption market and promote the optimization of supply chains and resources.