The sign gate of the China (Shanghai) Pilot Free Trade Zone taken on November 11. Xinhua News Agency reporter Fang Zhe photo
International online special: The fourth "Regional Comprehensive Economic Partnership Agreement" (RCEP) Leaders' Meeting was held in video on November 15, and 15 RCEP member states formally signed the agreement after the meeting. Media from many countries have published articles stating that the signing of RCEP marks an important step in Asian regional economic integration and will greatly change the balance of power in Asia and the world economy.
British Reuters reported on the 16th that the signing of RCEP is a milestone for the export trade of East Asia. HSBC Asia Chief Economist Frederic Neumann and Shanella Rajanayagam said: “The signing of RCEP shows that Asia is further promoting trade liberalization. Or it will accelerate the trend of the global economic center and center of gravity shifting to the east in recent decades.”
Spain’s sustainability website reported on the 16th that the goal of RCEP signing is to reduce tariffs between member states, open up service trade and promote investment, and promote regional prosperity. . The report believes that RCEP has formulated new trade rules and won the support of China, which is very important to the Asia-Pacific region.
Russian information analysis website "New Inform" reported on the 15th that experts believe that the implementation of the agreement will create jobs and accelerate the growth of regional and global value chains, which will provide a strong impetus for the development of ASEAN countries and their trading partners .
The British Financial Times wrote on the 15th that RCEP covers about one-third of the world’s population and economy, and to some extent can be said to be the world’s largest free trade agreement. The article believes that the regional comprehensive economic partnership marks an important step in Asian regional economic integration. The article predicts that the signing of RCEP will accelerate the future negotiations of the China-Japan-Korea Free Trade Agreement. Since the three are powerful countries in manufacturing and technology, this will be a huge boost to global business development. On the 15th, Le Monde also reported that in terms of GDP, RCEP will benefit more than 2 billion people worldwide.
According to a report on the 15th in the Russian newspaper, Alexander Romanov, director of the Asia-Pacific Research Center of the Primakov Institute of World Economics and International Relations, Russian Academy of Sciences, said that the signing of RCEP was a huge success. In the long run, the agreement will greatly change the balance of power in Asia and the world economy. The report emphasized that RCEP is the first such large-scale multilateral economic agreement that China has participated in. Despite some differences of opinion with Japan and Australia, China has chosen a different path from that of the United States, which is to cooperate with all participants. (Liu Weijing, Huang Rong, Ren Lijun, Ma Jiaxin, Pan Xiaolin)
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