The world’s largest free trade agreement reached!

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11/13/2020
Nov 16 Exchange Rate
11/16/2020

The world’s largest free trade agreement reached!

Wei Jianguo, former vice minister of the Ministry of Commerce and vice chairman of the China Center for International Economic Exchanges, said that with the signing of RCEP and the substantial progress made in the China-Japan-Korea Free Trade Area negotiations, there will be four trends in the world of "moving east to China" , Including manufacturing, technology, capital and talent. "The most critical link in China’s Asian value chain is China’s economic and trade relations with Japan, South Korea, and ASEAN. After the signing of RCEP, the Asian value chain will quickly form and occupy an important position in the global economy, becoming the support and support for the next new globalization. Run-up." After 8 years of "long-distance running", the Regional Comprehensive Economic Partnership Agreement (RCEP) was finally officially signed on November 15. Premier Li Keqiang attended the 4th RCEP Leaders' Meeting on the morning of the 15th and said that today, leaders of our 15 countries witnessed the signing of RCEP. As the free trade zone with the largest population, the most diverse membership structure, and the greatest potential for development in the world, this is not only a landmark achievement of East Asian regional cooperation, but also a victory for multilateralism and free trade, which will definitely promote regional development. Development and prosperity add new kinetic energy and contribute new forces to the recovery of the world economy.