News from World

tag: RCEP

02 August 2022

Cambodia, growing clothing and footwear exports

Cambodia's garment, footwear and travel goods industry has seen a 40% rise in exports in the first half of this year, according to a report from the General Department of Customs. The Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement has contributed to this growth [Cambodia's garment, footwear, travel goods exports up 40 pct in H1 of 2022 – Xinhua]

11 July 2022

RCEP pushes the development of Chinese industry

China's central government has issued new guidelines to encourage manufacturers to invest in innovation, improve their competitiveness and lift people out of unemployment, writes @Leatherbiz. Leather was one of the industries to have increased investment by more than 20% during the first part of 2022. According to the state agency @China.org.cn, the RCEP Regional Global Economic Partnership unleashes the true potential of Chinese enterprises

02 June 2022

Chinese entrepreneurs prepare for a larger market after the start of the RCEP

China's Ministry of Commerce organized a three-day training event on the Regional Comprehensive Economic Partnership: RCEP. The president of the China Leather Industry Association (CLIA), Li Yuzhong, gave a speech on the opportunities and challenges presented by the RCEP. [China coaches industry in RCEP competitiveness – leatherbiz.com]

08 March 2022

Positive role of RCEP in China and ASEAN leather industry

The trade value between China and the ASEAN leather industry in 2021 reached $16.47 billion, ranking 3rd with 15% of the value, and only lower than the EU (21.9%) and the United States (19.0%). The entry into force of the RCEP will have positive implications for bilateral industrial cooperation and economic and trade in the leather sector.

25 January 2022

RCEP: CHINA SAYS WORLD’S LARGEST TRADE PACT GIVES IT ‘POWERFUL LEVERAGE’ TO COPE WITH 2022 CHALLENGES

The Regional Comprehensive Economic Partnership, which has just entered into force for almost all of its 15 members, accounts for 1/3 of the world’s population, the SCMP argues. More than 90% percent of trade in goods between RCEP members will eventually be subject to zero tariffs under the new trade bloc. As of now, tariffs on more than 65% of China’s trade in goods with the ASEAN area, Australia and New Zealand are expected to reach zero under the RCEP agreement.

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