Favourable terms: In this file photo, a worker is seen checking a robot to be exported to the Middle East at the Chuangze robot factory in Gansu province. The RCEP has encouraged China-based manufacturers to ship more goods to other markets. — AFP
BEIJING: The tangible growth momentum generated by the Regional Comprehensive Economic Partnership (RCEP) agreement will help build advanced integrated industrial chains and grow a colossal consumption market in the Asia-Pacific region in the coming years, government officials and corporate executives say.
In the face of a complex global business environment, they said the pact allowed member countries to choose solidarity and cooperation when facing challenges such as the Covid-19 pandemic and rising commodity prices, instead of resorting to conflict or confrontation.
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