At the vibrant 5th RCEP Leaders’ Meeting in Kuala Lumpur, Malaysia, the Chinese premier Li Qiang made a bold pitch to ramp up the Regional Comprehensive Economic Partnership (RCEP). With a crowd of key decision-makers from across the region, Li called for accelerating the treaty’s expansion and backing new applicants—yes, that includes Hong Kong—in joining this mega free trade club. 🌐✨
Why does this matter? RCEP, which links the Chinese mainland, ASEAN members, and other Asia-Pacific regions, has reshaped trade flows and supercharged markets with lower tariffs and smoother supply chains. By inviting more players, the deal could unlock fresh business opportunities and turbocharge the region’s economic comeback. 📈💼
Li also underscored the importance of sticking to multilateral trade rules. He reaffirmed that the Chinese mainland stands firm behind ASEAN’s central role and is ready to team up with everyone to keep global trade fair and open. In his words, “true multilateralism” is the key to weathering economic storms together. 🤝🌍
As RCEP eyes new members and deeper ties, young entrepreneurs, travelers, and global thinkers from Latin America to Asia can take note: more collaborations and smoother trade routes are on the horizon. Stay tuned for updates—you won’t want to miss how this giant economic network evolves! 🚀
Reference(s):
cgtn.com
