The State Council, China's cabinet, has made arrangements to step up implementation of the Regional Comprehensive Economic Partnership (RCEP).
More work should be done to uphold free trade and open up new space for win-win cooperation, according to a statement released Wednesday after a State Council executive meeting chaired by Premier Li Keqiang.
The meeting, urging domestic work to ensure RCEP implementation, called for coordinated efforts to promote the opening-up of trade in goods and services, investment and other fields, along with higher standards and rules for trade and investment liberalization and facilitation, intellectual property protection, e-commerce, as well as economic and technological cooperation.
As much as 90 percent of intra-regional trade in goods will be made tariff free when the agreement get implemented. To properly implement the RCEP, the meeting urged measures for tariff reductions, simplified customs procedures, as well as unified and mutual recognition of product standards.
The meeting also demanded efforts to honor China's commitments on the foreign-investment negative list and all-round protection of intellectual property rights.
The meeting, which was held Tuesday, also passed the draft rules on government inspections.
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- China Life: Chinese women shine with She Power
- Foreign firms approved to offer VPN services in capital
- Homemade curling videos trending in China
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Winners of 2022 Inaugural WLA Prize announced
- Lantern Festival: A romantic celebration in China
- Two Chinese COVID-19 vaccine firms to supply vaccines to COVAX
- Media center for 20th CPC national congress to open on Oct. 12
- Six suspects arrested in HK for role in SE Asia job scam
Top Reviews
- Young artists recreate beauty of traditional Hanfu costume
- China releases photos of tallest tree
- English version of ‘Understanding Xi Jinping’s Educational Philosophy’ published
- China crowned in men’s team for 10th straight time at table tennis worlds
- China publishes Atlas of Wildlife in SW China
- Guangxi’s 10 Years: A Visit to China’s Qinzhou Port
- Congress delegate helped lift village out of poverty
- Expo highlights joint efforts in NEV development
- Racism stain of shame on ‘world democratic paradise’
- U.S. may face new COVID wave this upcoming winter: report