男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

RCEP promotes multilateral trading system as catalyst for growth: Cambodian ministry

Xinhua | Updated: 2020-11-16 15:18
Share
Share - WeChat
Photo taken on Sept 19, 2020 shows the statue of late Cambodian King Father Norodom Sihanouk in Phnom Penh, Cambodia. [Photo/Xinhua]

PHNOM PENH -- The Regional Comprehensive Economic Partnership (RCEP) free trade agreement promotes a multilateral trading system and serves as a catalyst for the region's growth in the post-pandemic era, Cambodian Ministry of Commerce said in a statement on Sunday.

The leaders of RCEP participating countries on Sunday witnessed the signing of the long-awaited trade pact on the sidelines of the ongoing 37th ASEAN virtual summit, the statement said.

Cambodian Minister of Commerce Pan Sorasak signed the agreement with representatives from other RCEP participating countries, it said.

Initiated by the Association of Southeast Asian Nations (ASEAN) in 2012, RCEP is a mega trade pact between 10 ASEAN member states (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and its FTA partners, namely China, Japan, South Korea, Australia and New Zealand.

"The RCEP agreement is the historic achievement of the region, which will contribute to the protection and the promotion of globalization, and the support of rules-based multilateral trading system," the statement said.

The pact is an indispensable prerequisite for the principles of free and fair trade, and an important driving force for sustainable socio-economic development.

"The RCEP agreement will be also an important catalyst in contributing to economic growth, improving the livelihoods of people in the region, and helping to restore regional economic development after the COVID-19 Pandemic," it added.

According to the statement, the signing of the agreement will form the world's largest free trade agreement, covering 2.2 billion people, or 30 percent of the world population, with combined gross domestic product (GDP) of about $26.2 trillion or about 30 percent of global GDP and approximately 28 percent of the world trade based on data in 2019.

"Based on the result of the negotiations and the study by the Economic Research Institute for ASEAN and East Asia (ERIA), it is shown that after the conclusion of the RCEP agreement, per annum, Cambodia is expected to increase 2 percent on top of the current GDP, 7.3 percent and 23.4 percent in exports and investment, respectively," it said.

Cambodian Ministry of Commerce secretary of state and spokesman Seang Thay said the pact would give the member countries greater market access and through it, the relations in economics, trade and investment will be further enhanced.

"We have a strong conviction that the agreement will serve as a driving force to accelerate trade and investment volumes among the participating countries and will contribute to rebuilding economies in the region in the post-COVID-19 era," he told Xinhua.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 揭东县| 石景山区| 汨罗市| 常山县| 万州区| 庆城县| 门源| 上高县| 积石山| 夏津县| 奈曼旗| 正镶白旗| 昌江| 吴川市| 泾阳县| 满洲里市| 阜宁县| 锦州市| 漳州市| 沙坪坝区| 库车县| 宁武县| 武城县| 泽库县| 紫阳县| 青神县| 河北区| 丹阳市| 建平县| 抚宁县| 离岛区| 定日县| 灌云县| 来凤县| 牟定县| 盐边县| 诸暨市| 吴桥县| 抚松县| 广灵县| 福海县|