China Ministry of Commerce: RCEP will enter on January 1, 2022

China Ministry of Commerce: RCEP will enter on January 1, 2022

Planned by the Chinese Ministry of Commerce.

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Planned by the Chinese Ministry of Commerce. It was stated that the Ministry of Commerce ratified the agreement in question, except for six member countries of the Association of Southeast Asian Nations (ASEAN) including Brunei, Cambodia, Singapore, Thailand and Vietnam, and four non-ASEAN member countries, which are members of China, Australia and New Zealand.

Under the agreement, they will enter the RCEP 60 days after ratification by at least six ASEAN member states and three non-ASEAN non-member states; This means that the RCEP will take effect on 1 January 2022 for the 10 countries in question.

Signed by 15 countries in the Asia-Pacific region in November 2020, RCEP is expected to be the largest free trade fair. Children has an organization of people around the world and around the world. Four ASEAN member countries and South Korea did not ratify the agreement. China had completed its approval of the EP in April.

Source Chinese International Radio
Hibya News Agency