Year of lower tariffs, easier market access


SHANGHAI: Jan 1 might bring glad tidings to people for a variety of reasons, but for business executives such as Wang Zhengbo, president of Guangxi TWT Supply Chain Management Co Ltd, the coming New Year’s Day will unveil a happy breakthrough.

On that day, the Regional Comprehensive Economic Partnership (RCEP) agreement will take effect in 10 signatory members out of the total 15, potentially transforming the global economy and fortunes of companies like TWT Supply Chain.

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