China Says Ready to Cut Tariffs on RCEP’s Entry Into Force
This article is for subscribers only.
China says it’s ready to reduce tariffs when the Asia-Pacific trade deal Regional Comprehensive Economic Partnership Agreement, or the RCEP, comes into force next year.
China expects the deal to significantly improve East Asia’s economic integration and wants full implementation as soon as possible, according to a statement of China Ministry of Commerce on Saturday. RCEP could fuel regional recovery, consolidate supply chains and promote economic development, it added.