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
Nation's self-developed satellite to launch service in HKSAR
(ECNS) -- As China's first self-developed satellite communications system, Tiantong will offer commercial ...(4405)人阅读时间:2024-05-10China's third aircraft carrier begins its maiden sea trial
The CNS Fujian, China's third aircraft carrier, started its maiden sea trial on Wednesday morning, accordi...(4819)人阅读时间:2024-05-04People in Tangshan welcome destroyer named after the city
People from Tangshan in Hebei province were filled with pride and excitement after the Chinese destroyer named...(5404)人阅读时间:2024-04-26Air China prepares to resume four more international routes
Air China, one of China's largest airline companies and the national flag carrier, will launch and resume ...(6323)人阅读时间:2024-04-23PLA lawfully responds to U.S. aircraft flying through Taiwan Strait
The People's Liberation Army monitored and responded lawfully on Wednesday to a United States patrol aircr...(11650)人阅读时间:2024-04-18Nation's self-developed satellite to launch service in HKSAR
China's third aircraft carrier begins its maiden sea trial
People in Tangshan welcome destroyer named after the city
Air China prepares to resume four more international routes
PLA lawfully responds to U.S. aircraft flying through Taiwan Strait
China issues guideline to raise annual food yield
China's largest land port handles over 5 mln metric tons of imports and exports in Q1
Number of foreign visitors to China sees significant rebound
Nation's self-developed satellite to launch service in HKSAR
China's third aircraft carrier begins its maiden sea trial
People in Tangshan welcome destroyer named after the city
Air China prepares to resume four more international routes
PLA lawfully responds to U.S. aircraft flying through Taiwan Strait
China issues guideline to raise annual food yield
China's largest land port handles over 5 mln metric tons of imports and exports in Q1
Number of foreign visitors to China sees significant rebound