September 18, 2022

The Regional Comprehensive Economic Partnership (RCEP), which has come into force for the majority of its 15 member countries, is expected to be fully ratified in the near future, trade body leaders disclosed during the ongoing China-ASEAN Expo (CAEXPO), the first edition of the annual event since the RCEP was implemented.

More than eight months into the implementation of the mega deal, its members, notably China, have strived for a galaxy of businesses in the Asia-Pacific region to tap into RCEP-enabled opportunities, according to key takeaways from the CAEXPO in Nanning, capital of South China's Guangxi Zhuang Autonomous Region, where government officials and trade experts alike urged more efforts to familiarize businesses with RCEP rules.

On that premise, the world's largest trading bloc is already evidently shining in a faltering global economy, CAEXPO participants stressed, citing figures that reveal the huge deal as a pronounced silver lining amid unsettling global growth outlooks, the ongoing pandemic and geopolitical strains.

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