China prepared for RCEP: MOC

China is well-prepared for implementing the Regional Comprehensive Economic Partnership (RCEP) agreement to take effect on Jan. 1, 2022, the Ministry of Commerce (MOC) said Thursday.

The core of the agreement lies in its implementation, MOC spokesperson Gao Feng told a press briefing.

The MOC, along with other departments, will help local governments and enterprises better understand RCEP rules and promote deeper integration of industrial and supply chains among members, and promote higher-quality and deeper regional economic integration in East Asia, he said.

After the RCEP agreement takes effect, more than 90 percent of merchandise trade between approved members will be eventually subject to zero tariffs.

The RCEP includes 10 ASEAN members, China, Japan, the Republic of Korea, Australia and New Zealand. The 15 states' total population, gross domestic product and trade all account for about 30 percent of the world total. Enditem

　　版权及免责声明：凡本网所属版权作品，转载时须获得授权并注明来源“欧洲侨报”，违者本网将保留追究其相关法律责任的权力。凡转载文章，不代表本网观点和立场。版权事宜请联系：0040-751021899。