RCEP will spur global economy

Conducive environment: China’s total trade with other RCEP member countries exceeded US$1.43 trillion in 2019, accounting for 31.2% of its total foreign trade.

THE Regional Comprehensive Economic Partnership (RCEP) agreement is the 19th free trade agreement, or FTA, signed between China and other partners.

To date the country has reached FTAs with 26 countries and regions, further improving the global FTA network, and forming a regional development strategy with a large-size free trade area.