RCEP boosts new development patterns and promotes cross-border e-com in China


For China, the Regional Comprehensive Economic Partnership (RCEP) Agreement establishes a new dual-circulation development pattern in which the domestic market is the mainstay and the domestic and overseas markets are mutually strengthened by including a high level of openness. Promote. Increase member states’ commitment to both trade and investment.

According to official Chinese media, full implementation of the agreement will result in zero tariff treatment on nearly 30 percent of China’s exports. The Ministry of Commerce and Industry estimates that the agreement will also increase opportunities for Chinese companies to invest in relevant economies.

In 2020, China’s exports to RCEP member countries exceeded $ 700 billion, accounting for 27% of the country’s total exports. China’s imports from the RCEP region are worth about $ 778 billion, which is about 38 percent of the country’s total imports.

For China, the Regional Comprehensive Economic Partnership Agreement will facilitate the establishment of a new dual cycle development pattern that will enable domestic and international markets to strengthen each other, with the domestic market as the main force. Member countries of both trade and investment.

According to the Chinese media, the implementation of the RCEP agreement will also reshape the economic relationship between China and Japan, thanks to the formation of a direct free trade relationship between China and Japan.

Under the agreement, ASEAN member countries will significantly extend tax exemption to Chinese products.

Chinese companies will also be able to reduce import costs associated with advanced technology, key equipment, key parts, consumer goods, pharmaceuticals, medical equipment, and production services such as design, R & D, energy conservation, and environmental protection, and be able to respond domestically. Will be. Market needs for renewal of consumption.

According to experts, the implementation of RCEP will also bring a new wave of growth to China’s cross-border e-commerce sector.

Fiber2Fashion News Desk (DS)

var BlockNumber = 2; //Infinate Scroll starts from second block
var NoMoreData = false;
var inProgress = false;

$(‘html’).bind(‘pagebeforecreate’, function (event) {
$(“#arftslider nav”).addClass(“aros”);
$(“#arftslider nav div div div”).addClass(“aros”);

$(document).ready(function () {

var newsId = $(“#hdnnewsId”).val();
var hdnAudioURL = $(“#hdnAudioURL”).val();
var hdnIsDisplayAudioPlayer = $(“#hdnIsDisplayAudioPlayer”).val();
var hdnNewsType = $(“#hdnNewsType”).val();
if(hdnIsDisplayAudioPlayer!=undefined && hdnIsDisplayAudioPlayer!=” && hdnIsDisplayAudioPlayer!=null
&& hdnIsDisplayAudioPlayer!=’undefined’ && hdnIsDisplayAudioPlayer.toLowerCase() == ‘true’)
if(hdnAudioURL!=undefined && hdnAudioURL!=” && hdnAudioURL!=null && hdnAudioURL!=’undefined’)
if(hdnNewsType.toLowerCase() == ‘free’)

var top_of_element = $(“#divFacebookComments”).offset().top;
var bottom_of_element = $(“#divFacebookComments”).offset().top + $(“#divFacebookComments”).outerHeight();

var bottom_of_screen = $(window).scrollTop() + $(window).innerHeight();
var top_of_screen = $(window).scrollTop();

$(window).scroll(function (event) {
var p = $(“.news-details-main”);
var offset = p.offset();
var lastScrollTop = offset.top;
var st = $(this).scrollTop();

var p1 = $(“.newsletter-main”);
var offset1 = p1.offset();
var lastScrollTop1 = offset1.top;

if (st > (lastScrollTop + 130) && st < lastScrollTop1 – 780) {
else {

//Facebook plugin start

//(function () {
// var e = document.createElement('script');
// e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js';
// e.async = true;
// document.getElementById('fb-root').appendChild(e);
//window.fbAsyncInit = function () {
// FB.init({ appId: '1639088046145622', version: 2.4, xfbml: true });
// if (typeof facebookInit == 'function') {
// facebookInit();
// }
//function facebookInit() {
// FB.XFBML.parse();
//Facebook plugin end

$(window).load(function () {
$("#arftslider nav").removeClass("aros");
$("#arftslider nav div div div").removeClass("aros");

function AppendAudioControltoDiv(hdnAudioURL)

RCEP boosts new development patterns and promotes cross-border e-com in China

Source link RCEP boosts new development patterns and promotes cross-border e-com in China

The post RCEP boosts new development patterns and promotes cross-border e-com in China appeared first on Eminetra.


Please enter your comment!
Please enter your name here

Share post:


More like this

ATOM may kick-off next week with the bulls thanks to this Cosmos development 

Cosmos has been gradually recovering from its bottom...

Hurricane Fiona hits Bermuda.Canada Prepares for Storm Rage

Rob Gillies and Danica Koto Caguas, Puerto Rico (AP) —...

Democrat Fetterman Agrees “LGBTQ Education” Should be “Mandatory” For Children in All Schools (VIDEO)

The Democrat deviants are obsessed with sexualizing children. Democrat Pennsylvania...