Witness The History! The Regional Comprehensive Economic Partnership Agreement (RCEP) Was Officially Signed

- Nov 18, 2020-

Share the good news with everyone:

It took 8 years of "long-distance running",

The Regional Comprehensive Economic Partnership Agreement (RCEP) on November 15

Finally officially signed!



Witness the history again!

This reason

10 ASEAN countries, China, Japan, South Korea,

15 countries including Australia and New Zealand,

Co-signed agreement,

Marking the most populous in the world,

The largest economic and trade scale,

The most promising

The free trade zone officially set sail.



According to the agreement,

The members of the agreement will generally achieve zero tariffs for more than 90% of the tax items.

The free trade zone is also expected to achieve major phased construction results in a short period of time.

According to the calculations of international think tanks,

In 2025,

RCEP is expected to drive member countries’ export growth 10.4% higher than the baseline.


At this moment, you who do foreign trade,

Was it inspired?


In fact, at Alibaba International Station,

Procurement demand from RCEP member states has already been raging.

According to the data of September 2020 Purchasing Festival,

Among the top 10 countries in terms of total transaction volume,

RCEP member countries: Australia, South Korea, Japan, Singapore,

Ranked 4th, 6th, 7th and 8th!

The year-on-year increase was 119%, 137%, 166%, 201%,

So lively!


And now,

With the signing of RCEP,

It is also "zero tariff", and it is also an expansion of the level of openness,

It is also closer cooperation between the industrial chain and the supply chain,

The export trade between member states is bound to usher in a new explosive growth