Foreign Ministry spokesperson Wang Wenbin said on the 14th that the full entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP) reflects the strong demands of regional countries to strengthen economic integration and achieve common development. China is willing to continue to work with relevant parties to promote high-quality implementation of RCEP and inject new momentum into regional and global economic recovery.
At the regular press conference that day, a reporter asked: Recently, RCEP has come into full effect for the 15 signatories. Anna Robenio, Advisor to the Secretary-General of ASEAN and Deputy Secretary-General of the ASEAN Economic Community, said that RCEP provides a good opportunity for member states to open their markets and expand their market scope, and can promote economic and trade cooperation among member states. How does the speaker view the role of RCEP in promoting economic and trade cooperation in the Asia-Pacific region?
"RCEP has come into full effect for 15 countries, marking the entry into a new stage of full implementation of the free trade area with the largest population, largest economic and trade scale and the greatest development potential in the world." Wang Wenbin said.
He said that RCEP is a milestone achievement in the economic integration of the Asia-Pacific region and a vivid example of shared development opportunities for regional countries. Since its implementation, the trade between countries has become closer, intra-regional trade has become a key force for stabilizing and stimulating foreign trade growth, and this region continues to become a global investment hotspot.
Wang Wenbin said that RCEP has injected strong impetus into promoting regional integration and promoting regional development and prosperity. Whether it is tariff concessions, promoting trade facilitation, improving the transparency of investment policies, or reducing technical barriers to trade, all participants will bring tangible benefits. "Taking China as an example, as the largest economy in RCEP, the total import and export volume between China and other RCEP members will reach 12.95 trillion yuan in 2022, a year-on-year increase of 7.5%; the actual use of other RCEP members to invest 23.53 billion US dollars, a year-on-year increase of 23.1% .”
"The full entry into force of RCEP reflects the strong demands of countries in the region to strengthen economic integration and achieve common development." Wang Wenbin said that as a staunch supporter of trade liberalization and facilitation and an important participant in regional cooperation, China is willing to continue working with relevant parties We will work together to promote high-quality implementation of RCEP and inject new momentum into regional and global economic recovery.
