RCEP Fully Takes Effect, Injecting New Momentum Into China's Foreign Trade Development

The Regional Comprehensive Economic Partnership (RCEP) has been in full force for some time for 15 signatories. During the interview with Securities Daily reporters, I truly felt the changes brought by the new round of policy dividends to foreign trade enterprises.
In an interview with the Securities Daily, a person in charge of a foreign trade company in Jiangsu Province that mainly deals in Sports equipment said that the company's sporting products are mainly sold to Southeast Asia. This type of product is subject to the current RCEP agreement tariffs, which are slightly lower than the China ASEAN Free Trade Agreement, and can be reduced to zero tariffs after the transition period. Since last year, the company's products sold to Thailand have enjoyed tariff preferences. This month, RCEP has come into full effect, filling the "gap" in the Philippines and helping us further explore the Southeast Asian market.