RCEP set to boost regional, global growth

Workers process packages delivered from China at BEST Inc's sorting center in Kuala Lumpur, Malaysia. The Hangzhou, Zhejiang province-based company has launched a cross-border logistics service to help consumers in Southeast Asian countries to purchase goods from Chinese e-commerce platforms. - Provided to China Daily

BEIJING (China Daily/Asia News Network): The Regional Comprehensive Economic Partnership agreement, which will take effect on Saturday (Jan 1), is expected to significantly boost the regional and global economies and offer lessons for international cooperation.

"The RCEP is a huge, potentially powerful agreement among rich and poor countries that complements each other's strengths," Peter Petri, a professor of international finance at Brandeis University in the United States, told China Daily.