The Third Regional Comprehensive Economic Partnership Agreement (RCEP) Leaders Meeting was held in Bangkok, Thailand on the 4th. Leaders at the meeting issued a joint statement after the meeting, announcing that RCEP 15 member countries have concluded all text negotiations and almost all market access negotiations, and will make efforts to ensure the signing of the agreement next year.
The statement said that in today's rapidly changing global environment, the completion of RCEP negotiations will show the commitment of member States to work together to create a cross-regional and open trade and investment environment. RCEP will greatly promote the future development of the region, make positive contributions to the global economy and become a powerful pillar of the multilateral trading system.
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RCEP is a comprehensive protocol. It covers 20 chapters, including market access such as trade in goods, trade in services and investment, and a large number of rules such as trade facilitation, intellectual property rights, e-commerce, competition policy and government procurement. It can be said that the agreement covers all aspects of trade and investment liberalization and facilitation.
RCEP is a modern protocol. It adopts the rule of regional origin accumulation to support the development of regional industrial chain supply chain; Adopt new technology to promote customs facilitation and promote the development of new cross-border logistics; Adopt negative list to make investment access commitment, which greatly improves the transparency of investment policy; The agreement also includes high-level intellectual property rights and e-commerce chapters to meet the needs of the digital economy era.