China on course to fulfill all RCEP obligations

  • China
  • Monday, 22 Mar 2021

BEIJNG (China Daily/ANN): China will be able to fully fulfill its obligations under the agreement of the Regional Comprehensive Economic Partnership when it enters into force, a commerce official said.

All 15 members of the RCEP are planning to ratify the agreement before the end of 2021 and push for its entry into force on Jan 1 next year, said Yu Benlin, director-general of the department of international economic and trade affairs at the Ministry of Commerce.

China has completed the approval and became the first country to ratify the agreement, he said, adding Thailand has also ratified the agreement.

All member parties will convene intensive meetings to report on the progress of their respective approvals this year, he said.

The ministry and relevant departments have sorted out the agreements involving 701 binding obligations of the Chinese side.

Through the efforts of various government branches such as the National Development and Reform Commission and the General Administration of Customs, China's preparations for implementation of 613 items have been completed, accounting for 87 percent of all obligations.

The official said preparation for other items can also be concluded before the implementation of the agreement. - China Daily/Asia News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

China , RCEP , ratify


Next In Aseanplus News

Thai PM dissolves parliament
Amazon deepens tech-sector gloom with another 9,000 layoffs
Just smoke and mirrors: Old 'ghost prank' by fireman resurfaces on social media
Credit Suisse, UBS deal: What you need to know
China's Xi arrives in Russia to meet Putin over Ukraine war
Asean News Headlines at 9pm on Monday (Mar 20, 2023)
Vietnam beefs up defence cooperation with Laos and Cambodia
Ringgit ends marginally higher against US dollar
Singapore and Hong Kong seek to calm nerves over Credit Suisse deal
Indonesia's Bali deports 47 in crackdown on tourists misusing visa rules

Others Also Read