Congratulations to China for joining RCEP, the world's largest free trade zone!

On November 15, the Fourth Leaders’ Meeting of the Regional Comprehensive Economic Partnership (RCEP) was held via video. Chinese Premier Li Keqiang attended the meeting. At the meeting, under the witness of leaders of 15 countries, trade ministers of various countries signed the RCEP agreement. Minister of Commerce Zhong Shan signed the agreement on behalf of the Chinese government. This marks the official start of the free trade zone with the largest population, the largest economic and trade scale, and the most potential for development in the world.

RCEP is currently the world's largest free trade zone. In 2019, the 15 member states of RCEP have a total population of 2.27 billion, a GDP of 26 trillion U.S. dollars, and a total export value of 5.2 trillion U.S. dollars, each accounting for about 30% of the global total. The completion of the RCEP free trade zone means that about one-third of the world's economy will form an integrated market. RCEP includes major countries in East Asia and will inject strong impetus into regional and global economic growth.