The Regional Comprehensive Economic Partnership agreement took effect on 2022/1/1 . It establishes the world's largest free trade zone and is expected to have a far-reaching impact on regional trade facilitation and economic integration over the coming decades.

A. If the RCEP can be well implemented, it will mark a new milestone in Asia-Pacific economic integration, and provide strong support for trade and investment liberalization and the forming of an efficient multilateral trading system in the region.

B.The RCEP also represents the region's common stance against the United States' serial efforts to disrupt the global supply chains and shake the foundations of economic globalization.The pact looks set to play a special role in maintaining regional production networks, and stabilizing regional supply chains to counter the negative influences of the US' self-centered approach.

C.Win-win cooperation is the feature of the RCEP. As the 15 participating members are in different development stages — from developed and emerging market to less-developed economies — the free trade pact, which will markedly reduce their trade costs, will help further tap into their economic complementarities, bringing tangible benefits to their peoples.

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