From the perspective of supply chain, the industrial chain after the birth of free trade zone combined with its own trade advantages has formed a benign trend of exchanging needed goods between countries.

In addition, students should note that under the RCEP Agreement, due to the extension of the number of cooperative countries and the expansion of coverage, it can be said that China has added another possibility to ensure the diversity and sustainability of the supply chain.

Behind the expansion of free trade zone

Song, vice president of China Business Economics Association, said in an interview with the reporter of Futures Daily that the addition of three provincial-level free trade zones and the expansion of Zhejiang Free Trade Zone means that China has taken the initiative to deeply open up the domestic market and actively integrate into the international market, further supporting the strategic deployment of strengthening the domestic economic cycle and the domestic and international dual cycle.

It is conducive to giving full play to the industrial and resource advantages of different free trade zones, forming an open-loop closed-loop flexible and orderly economic cycle system, activating domestic production factors, and adapting to the new trends of investment and trade during the transition period of international market order. It should be said that the development of free trade zones is progressing and improving.