RCEP agreement gains momentum as participants make progress

An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. - Xinhua

BEIJING (China Daily/ANN): Participants of the Regional Comprehensive Economic Partnership agreement pledged on Wednesday (Dec 16) that they will expedite the pact's implementation procedures and make policy arrangements in advance to help companies from all sides to share the benefits as soon as possible.

With many RCEP members beginning to offer authoritative interpretations to their business communities to make the agreement a reality, government officials from countries including Japan, South Korea, Vietnam, Thailand, Malaysia and Australia, said they will help companies make full use of preferential policies brought by the pact to boost regional economic integration in East Asia and support the global economic recovery.