In his speech at the opening ceremony of the fifth China International import Expo, General Secretary Xi Jinping emphasized that openness is an important driving force for the progress of human civilization and the only way for the world to prosper and develop.
Openness has brought a new bright future for global development. The entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP) has become the most important milestone in international economic and trade cooperation in the new century. It solemnly declares to the world that seeking common development is a historical trend. Mutual benefit and win-win results are what people want. RCEP has a bright future and will surely further promote the common prosperity of international trade and provide new impetus for the recovery and development of regional and world economies.
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RCEP has achieved remarkable results in promoting economic and trade cooperation
In 2020, the RCEP, which lasted 8 years and 28 rounds of negotiations, was officially signed, marking the birth of the world's largest free trade area with total population, economic volume and total trade accounting for about 30% of the world's total. What is especially valuable is that its members' economic levels Diversity, including the most developed, relatively developed, developing and partially developed members of various levels of development, has extensive cooperation potential and will profoundly affect a series of important international economic and trade principles including WTO reform. Another breakthrough in the changing and complex situation in the world is another landmark event in support of multilateralism and free trade. It can be said to have a huge impact and far-reaching significance.
RCEP was first initiated by ten ASEAN countries, and its 15 member states include major countries in East Asia and Southeast Asia. At present, ASEAN has become China's largest trading partner, and China has also been ASEAN's largest trading partner for 10 consecutive years. Most of the other RCEP members are also important trading partners of China, with close economic ties. In 2021, China's RCEP members China's total import and export volume accounts for about 30.9% of China's total import and export volume. As of now, 13 of the 15 signatories to RCEP have taken effect.