Today, leaders of 15 countries witnessed the signing of an agreement

This is the Regional Comprehensive Economic Partnership Agreement (RCEP)

As a result, the world’s largest free trade zone officially set sail

Covering 10 ASEAN countries, as well as China, Japan, South Korea, Australia, New Zealand

The total population is 2.27 billion, GDP is 26 trillion US dollars, and total exports are 5.2 trillion US dollars.

Both account for about 30% of the global total…It is the most diverse member structure

It-the largest economic and trade scale

It-the most development potential

It is a victory for multilateralism and free trade-

Members pledge to lower tariffs, open markets, and reduce standard barriers

Sent a strong signal against unilateralism and protectionism

Inject strong positive energy into the global multilateral trading system and world economic recovery

It is the unity of high quality and inclusiveness——

The number of final zero-tariff products in goods trade will exceed 90% overall

The overall opening-up level of service trade and investment is significantly higher than the original “10+1” free trade agreement

High-level intellectual property, e-commerce, government procurement and other modern topics are included

Taking into account the national conditions of different countries, giving special and differential treatment to the least developed countries…

It will help countries accelerate the formation of a new development pattern——

Expand the export market space of various countries

Meet the needs of domestic import consumption

Strengthen the supply chain of the regional industrial chain

Conducive to stabilizing foreign trade and foreign investment

After 8 years of negotiation

Overcome the difficulties caused by the new crown pneumonia epidemic

RCEP signed as scheduled-

Become an important milestone in regional economic integration

Let people see light and hope in the haze

Show the world that open cooperation is the only way to achieve mutual benefit and win-win results for all countries