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Saturday, July 30 2022 - 03:46
RCEP Economic and Trade Cooperation in 2022, injecting New Vitality into Global Economic Recovery
QINGDAO, China, July 29, 2022 /PRNewswire-AsiaNet/ --

The year of 2022 is the first year when RCEP officially comes into effect. 
While standing in front of the historical opportunities that the RCEP member 
countries in the region opening up, developing and strengthening local economic 
and trade cooperation, Qingdao has ushered in a new round of enhanced 
opening-up. On July 28, the 2022 High-Level Forum for RCEP Regional Economic 
and Trade Cooperation with the theme of "New Opportunities, New Patterns, and 
New Voyages" was successfully held in Qingdao.

It is understood that the Forum has invited officials from relevant government 
departments of RCEP countries, representatives of trade and investment 
promotion agencies and business associations, ambassadors, research institutes, 
experts and scholars in the field of economic and trade, as well as enterprise 
representatives to dock and cooperate with industries in RCEP-related countries 
and seek common development. The Forum has promoted enterprises to reconstruct 
the supply chain and value chain from the perspective of RCEP.

The "Declaration of Action on the Promotion of High-quality Implementation of 
the Regional Comprehensive Economic Partnership by the National Trade Promotion 
System" was released during the Forum; CCPIT (China Council for the Promotion 
of International Trade) has awarded a plaque to the local liaison office of 
RCEP Business Advisory Council China Committee in Qingdao as well as the 
chairman and vice-chairman units of the committee; and the international 
version of platform "RCEP Shandon-Trade" was officially launched.

Focusing on shaping the opening pattern to the outside world, serving Qingdao's 
deep opening strategy, and taking up the favorable policies led by the RCEP 
agreement entering into effect, Shibei District in Qingdao will make efforts in 
RCEP construction in two aspects. First, it will strive to create a 
demonstration zone for RCEP Shandong economic and trade cooperation, enlarge 
its first-mover advantage, and organize a high-level forum on RCEP economic and 
trade cooperation and a special promotion in regions along the Yellow River. 
Shibei District is committed to promoting RCEP Shandong Enterprise Service 
Center in the issuance of certificates of origin on the basis of for 66% of the 
province's total, 16% of the country's total with the objective of continued 
expansion and upgrading as well as enhancing the influence; With the 
China-Japan Sea Express Route successfully opening to traffic, it will achieve 
an annual trade volume of $5 billion USD; Secondly, the deployment of "mutual 
integration of three areas" of port area, park area and urban area shall be 
implemented in the forefront of the country. The implementation opinions of 
"mutual integration of three areas" will be released, accelerating the renewal 
and transformation of the port area, strengthening the international oil and 
gas center and shipping insurance operation center, building the shipping 
financial center of provincial port group and RCEP International Expo Center, 
attracting projects such as COSCO (China Ocean Shipping (Group) Company) 
Shipping Qingdao Urban Security Demonstration Base to help the construction of 
modern international shipping, trade and financial innovation center.

RCEP has realized the strategic empowerment for Qingdao and even the whole 
Shandong Province. The all-round growth of Shibei District in aspects of 
policies, platforms and projects is the most vivid portrayal of the success of 
the two RCEP High-level Forums on Economic and Trade Cooperation, which has 
brought about substantial changes. We have concrete reasons to believe that a 
new blueprint of opening up is now unfolding slowly in front of Shibei District 
taking advantage of this Forum and the power of RCEP.

Contact Person:
Ms. Zhu Yiling
Tel: 0086-532-85911619
Official website:
Facebook page:
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Source: Stadt Qingdao