Chinanews.com, December 30, Vice Minister of Commerce Ren Hongbin stated at the State Council’s regular policy briefing held on the 30th that on January 1, 2022, the RCEP agreement will come into effect.
The entry into force of the agreement will greatly boost confidence in economic recovery in the context of the epidemic, effectively hedge against the negative impact of the new crown pneumonia epidemic on the economy, boost trade and investment confidence, and inject new impetus into China's economic growth.
Data map: The automatic guided vehicle shuttles back and forth, and the dock is busy.
Photo by Zhang Jingang
Ren Hongbin introduced that on January 1, 2022, the RCEP agreement will officially come into effect.
Currently, domestic preparations for the implementation of the agreement are in place, and all 701 binding obligations are ready for implementation.
Ren Hongbin said that RCEP is of great significance to China's construction of a new development pattern.
First, the implementation of the agreement is a new milestone in China's opening up.
Second, the implementation of the agreement will provide strong support for the establishment of a new development pattern. It will become a link and bridge for China to connect the domestic and international dual cycles, making the two domestic and international markets and two resources more closely linked.
Third, the entry into force of the agreement will greatly boost confidence in economic recovery in the context of the epidemic, effectively hedge against the negative impact of the new crown pneumonia epidemic on the economy, boost trade and investment confidence, and inject new impetus into my country's economic growth.
Ren Hongbin said that in the next step, the Ministry of Commerce will closely cooperate with all localities and relevant departments to track and analyze changes in the situation, guide all localities to integrate their actual conditions, and introduce targeted support measures to promote effective implementation, improve policy implementation efficiency, and make foreign trade as soon as possible. Enterprises have truly enjoyed the dividends of openness and policies, and have made new contributions to the steady growth of the national economy.