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Location: Home > NEWS > RCEP will officially enter into force in South Korea in February next year

RCEP will officially enter into force in South Korea in February next year

发布时间:2021.12.07

RCEP will officially enter into force in South Korea in February next year. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.



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On December 2, 2021, the South Korean government approved the Regional Comprehensive Economic Partnership Agreement (RCEP), and RCEP will formally enter into force for South Korea on February 1, 2022.

RCEP is a multilateral trade agreement involving 10 ASEAN countries and 15 countries including China, South Korea, Australia, Japan and New Zealand, covering 1/3 of the world's GDP, population and trade scale.South Korea's exports to RCEP members account for half of its total exports.With the entry into force of RCEP in South Korea, South Korea and Japan will establish a bilateral free trade relationship for the first time.

So far, RCEP has been approved by China, Japan, Singapore, Thailand, Cambodia, Brunei, New Zealand, Australia, Laos, Vietnam and South Korea.The countries that have not yet been approved are Malaysia, the Philippines, Myanmar and Indonesia, all of which belong to the Association of Southeast Asian Nations (ASEAN).

More information about China's import and export and foreign trade agency business, please contact us:

Ms. Linda Li

0086(0)21 3538 3306

sinoloben@thecustoms.com.cn


As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.  Transferred from the network, such as intrusion and deletion.


            

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