GLOBALink | RCEP injects new impetus to regional trade: S. Korean businessperson
Updated: July 12, 2022 Source: Xinhua News Agency
The Regional Comprehensive Economic Partnership (RCEP) agreement is injecting new impetus into regional trade, said a South Korean businessperson working in China.
SHENYANG, July 11 (Xinhua) --The Regional Comprehensive Economic Partnership (RCEP) agreement is injecting new impetus into regional trade, said a South Korean businessperson working in China.
The RCEP agreement, the world's largest free trade deal with China and South Korea among its signing members, came into force on the first day of 2022.
The pact will eliminate 90 percent of tariffs on goods traded between its signatories over the next 20 years, which will greatly boost cross-border trade.
Produced by Xinhua Global Service
Editor: Gao Jingyan
