The full name of rcep is the regional comprehensive economic partnership, which was initiated by ASEAN on 20 12 and lasted for eight years, and was formulated by 15 members including China, Japanese, Korean, Australian, New Zealand and ASEAN.
The signing of RCEP is conducive to building an open world economy, supporting the multilateral trading system, improving the regional trade and investment environment, promoting the liberalization and facilitation of trade and investment, helping countries to better meet challenges, enhancing the future development potential of the region and benefiting the people of all countries in the region.
The signing of RCEP is only the first step in the process of free trade in the Asia-Pacific region. According to the agreement rules, RCEP will not take effect until at least 6 of 10 ASEAN countries and at least 3 of 5 non-ASEAN partners complete the approval procedures of national legislatures. "10+5" countries need to make persistent efforts to make RCEP that has obtained the "birth permit" safe and "natural".
Main contents of rcep
RCEP involves 70 1 binding obligation and 170 encouraging obligation, in which binding obligation refers to ensuring the implementation in place to meet the obligations stipulated in the agreement, while encouraging obligation requires the efforts of all parties. Binding obligations are mainly embodied in reducing or removing trade barriers and further opening up the market, covering all chapters and annexes of the agreement except Chapter I (initial clauses and general definitions), Chapter XIX (dispute settlement) and Chapter XX (final clauses).
In terms of trade in goods, reduce or eliminate tariff and non-tariff barriers in the region. In terms of tariffs, more than 90% of goods trade will eventually achieve zero tariffs, mainly by reducing taxes to zero immediately and reducing taxes to zero within ten years. In addition, there are higher requirements for the implementation and transparency of animal and plant health and quarantine measures in specific procedures, which at the same time promotes the effective management of customs procedures and the rapid clearance of goods, simplifies customs procedures and facilitates trade.
The above contents refer to Baidu Encyclopedia-Regional Comprehensive Economic Partnership Agreement.