CONGRATULATIONS SUCCESSFUL SIGNING OF RCEP

Congratulations on the #successful signing of #RCEP! The largest and most influential free trade agreement in the world.

RCEP (#Regional #Comprehensive #Economic #Partnership) negotiations will undoubtedly take greater steps in reducing #tariff barriers. In the future, it will not rule out that 95% or more of the tax items will be included in the scope of #zero tariffs, which will greatly promote the #economic vitality of the first 15 members, including China.

Market space will also be greater

In addition, the conclusion of the agreement will also help build the #supply chain and #value chain in the region. The formation of a unified free trade zone in the region will help the local region to form a supply chain and value chain based on comparative advantages. It will affect the flow of goods, technology, services, and capital in the region, including the cross-border flow of people. Very big benefits, forming a "trade creation" effect.