The Regional Comprehensive Economic Partnership (RCEP) marked its third anniversary on Wednesday, celebrating a significant milestone in Asia-Pacific free trade. As the world's largest free trade agreement, RCEP encompasses the largest population, the most extensive trade network, and immense development potential.
Chinese Foreign Ministry spokesperson Mao Ning emphasized China’s commitment to implementing RCEP in an all-round and high-quality manner. \"China will continue to promote the upgrading of free trade in the Asia-Pacific to achieve common development and prosperity,\" Mao stated during a recent press briefing.
Over the past three years, RCEP has injected strong vitality into regional economic integration, creating abundant market opportunities for member economies. Mao highlighted that the agreement has also boosted the international community's confidence in multilateralism, fostering a cooperative spirit among the participating nations.
A study conducted by the Asian Development Bank underscores the economic impact of RCEP, projecting that the partnership will generate $245 billion in economic growth and create approximately 2.8 million jobs across the region. These figures reflect RCEP's pivotal role in driving sustainable economic development and enhancing the livelihoods of millions.
As RCEP continues to evolve, China remains at the forefront of promoting a robust and inclusive free trade environment in the Asia-Pacific, paving the way for shared prosperity and strengthened economic ties among member countries.
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China says will continue promoting Asia-Pacific free trade under RCEP
cgtn.com
