Tan Hongmei and Wang Lin pointed out in the article "Opportunities, Challenges and Countermeasures for China-Japan-Korea Economic and Trade Cooperation under RCEP" in the second issue of "Economic Vertical and Horizontal" in 2022 that China, Japan and South Korea should make RCEP the starting point of economic and trade cooperation and lead the way accordingly. Free trade and multilateralism play a key role in promoting regional economic integration and promoting world economic recovery and growth. First, continue to promote the China-Japan-Korea Free Trade Agreement (FTA) process through the medium of RCEP. Referring to the terms of the RCEP agreement that has been reached, classify the existing negotiation topics according to the degree of difficulty, promote the FTA negotiation in stages, and include new topics such as intellectual property protection, service industry opening, and environmental standards, and finally build a high-level agreement among the three countries. horizontal trade mechanism. Second, foreign trade enterprises are ready to expand economic and trade cooperation with Japan and South Korea. Chinese foreign trade enterprises should take the initiative to adapt to the institutional opening based on rules, regulations, management and standards. In the case that the final implementation terms of member states such as Japan and South Korea will undergo multiple improvements and updates, companies must continue to follow up on the changes in the details of the terms, and at the same time be familiar with the new rules of trade between China, Japan and South Korea under the RCEP framework and minimize risks. lowest. The third is to actively promote the RMB direct settlement mechanism under the RCEP framework. Continue to deepen the reform of the financial system, build a scientific and sound financial system, and fully tap the role of RMB internationalization in promoting international trade. At the same time, actively support the expansion of RMB circulation in the region, and improve the valuation, settlement and value reserve functions of RMB in the region.