RCEP - a milestone in Asian economic integration

Caption Vietnam's Prime Minister Nguyen Xuan Phuc is pictured on the screen (right) as he addresses his counterparts during the 4th Regional Comprehensive Economic Partnership (RCEP) Summit at the Association of Southeast Asian Nations summit held online in Hanoi on Nov 15, 2020. - AFP

BEIJING (China Daily/ANN): After eight years of unremitting efforts, the Regional Comprehensive Economic Partnership (RCEP) agreement was formally signed on Nov 15.

In the context of the global Covid-19 pandemic and challenges to the economic globalisation, the signing of the pact is not only a landmark achievement of East Asian regional cooperation, but also highlights that open cooperation is still a historical trend, and joint efforts to reach mutual benefit and win-win results are still popular.