November 6, 2021

China has completed all due preparations for fully implementing the Regional Comprehensive Economic Partnership (RCEP), according to the Ministry of Commerce (MOFCOM) on Saturday. The effect of the trade pact sends a strong rebuke to those seeking unilateralism and trade protectionism, the ministry said.

China has completed all the necessary plans for implementing committed tariff reductions, adjustments on the rules of origin for goods and software system updates at customs authorities to ensure smooth tariff reductions, said Yu Benlin, director-general of the Department of International Trade and Economic Affairs with MOFCOM.

A total of 166,000 Chinese entrepreneurs, trade and customs officials and related personnel have completed RCEP training in over 600 training sessions and online training courses. 

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https://www.globaltimes.cn/page/202111/1238278.shtml