[HIGHLIGHTS] China Council for the Promotion of International Trade: Two years since RCEP came into effect, regional trade costs have been significantly reduced

China Council for the Promotion of International Trade: Two years since RCEP came into effect, regional trade costs have been significantly reduced. The electronics industry ranks first in the Global Economic and Trade Friction Index.

Brazil has the highest China-related economic and trade friction index, followed by the United States, and Saudi Arabia ranks third. The number of visas issued by the national trade promotion system increased by 707% year-on-year. The steady growth in the number of certificates of origin, especially preferential certificates, illustrates that as my country increases the implementation of free trade agreements, the ability of my country's foreign trade policies to stabilize the country's ability to attract foreign investment is improving.