April 19, 2021

The Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal signed by China and 14 other economies in November 2020, is facing challenges as comprehensive China-US competition has taken shape, officials and experts said at a seminar during the 2021 Boao Forum for Asia (BFA) on Monday.

The 2021 BFA, themed around "A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Initiative (BRI) Cooperation," is being held from Sunday to Wednesday this week.

"The Chinese government attaches great importance to the RCEP, and we have started the relevant implementation preparations. The agreement can also be implemented immediately after it enters into force," Cai Qiang, director-general of the Tariffs Commission at the State Council, the cabinet, told the seminar on Monday.

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