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unding of the People's Republic of China. For 70 years, particularly since the start of reform and opening-up over four decades ago, the over one billion Chin

ese people have worked hard and made phenomenal prog▓ress. Through its own peaceful development, China is tr▓ying to answer the great question of our time: What should the future of our world look like? The international landscape is undergoing profound and complex transformation amid growing uncer▓tainty and instability. China and Greece, each with a

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strong sense of history and responsi▓bility, can tap our civilizations for wisdom and build a new type of international relations featuring mutual respect, equity, justice and mutually beneficial coopera▓tion. Together, we can usher in a community with a sh▓ared future for all mankind. Please s

can the QR Code to▓ follow us on InstagramPlease scan the QR Code to foll▓ow us on WechatFifteen participating countries of the Regio▓nal Comprehensive Economic Partnership (RCEP) will start legal preparations for th▓e signing of the mega free-trade pact in 2020, after concluding text-based negotiat▓ions and essentially all market access is▓sues.Major br

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11-05-2019 09:39 BJTBANGKOK, Nov. 4 -- Fifteen participating countries of the Regio▓nal Comprehensive Economic Partnership (RCEP) ▓will start legal preparations for the signing of the mega free-trade pact in 2020, after concluding text-based negotiat


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ions and essentially all market access issues."Against the backdr▓op of a fast-changing global environment, the completion of the RCEP

negotiations will demonstrate our collective commitment to an open ▓trade and investment environment across the region," leaders of the RCEP countr▓ie said in a joint statement at a summit here on Monday.Ch▓inese Premier Li Keqiang called the latest p


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r▓ogress in the seven-year-long RCEP negotiations "a major breakthrough in the construction of an East Asia free trade area, which woul

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small a▓nd medium enterprises, as well as our workers, producers, and consumers," the leaders said in the statement, noting they have tasked legal scrubbing to star▓t for signing in 2020.Officially launched in 2012, the RCEP brings together the 10 member▓ countries of the Association of Southeast Asi▓an Nations (ASEAN) and their six trade partners in the region, namely China, Japan, South Korea, India, Australia and New Zealand.Once signed, it will fo▓rm the largest free-trade agreement in Asia


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, covering 47.4 percent of the world's population, and a▓ccounting for 32.2 percent of global GDP, 29.1 percent of trade worldwide and 32.5 p▓ercent of global investment."ASEAN will benefit from increa▓sed market access to trading partners," Thai Prime ▓Minister Prayut Chan-o-cha said aft▓er hosting the 35th ASEAN summit and related meetings.However, the breakthrough deal did not include India, whic▓h still has significant outstanding issues with▓ other members."All RCEP participating ▓countries


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will work together to resolve these outstanding ▓issues in a mutually satisfactory way," the leaders said in the statement. "India's final decision will depend on satisfactory resolution of these issues."Zhang Xuegang, re▓searcher and vice president of the Southeast ▓Asia and Oceania Research Center of China Institute of Contemporary International Rela▓tions, said the RCEP negotiations involved pragmatic areas including each country's industries, market access ▓and trade balance, "which are di

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rectly rela▓ted to people's livelihood.""It is reasona▓ble that the countries have been cautious in the talks," Zha▓ng said.LARGEST WIN-WIN AGREEMENT"The RCEP is a multilateral trade cooperation, which means its structure is tru▓ly meant to benefit all participating countries because all will be governed under the same trade rules," Neak Chan▓darith, director of the Cambodia 21st Century Maritime Silk Road Research Center (CMSRRC) of the Ro▓yal University of Phnom Penh, told Xinhua.The RCEP will


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reduce trade barriers coupled with enhanc▓ed market access and will make each RCEP memb▓er more attractive to foreign investors ▓and encourage cross-border investments amongst RCEP members, he added.It will have a positive role in boosting economic development of all participating countries, and▓ will help them integrate further with the global e▓conomy, said Yu Miaojie, vice president of National School of Development at Peking University."The three major areas of goods trade, services trade


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▓and investment will be greatly enhanced among the participating countries, thus also strongly boos▓ting the cultural and people-to-people exchange▓s among the countries," Yu told Xinhua.The RCEP wil▓l also promote trade liberalization in the region, furthe▓r entrenching the region's importance to economic growth and global trade. "All sides will benefit from this pact when it becomes a reality," Cambodian Ministry of Commerce Undersecretary of State and Spokesman Seang Thay said.According to J

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