Chinese Minister of Commerce Wang Wentao said Monday that the Chinese government has officially ratified the Regional Comprehensive Economic Partnership Agreement.
Wang told reporters on the sidelines of the annual national legislative session that some member states are working to speed up their procedures, and it is hoped that relevant countries will be able to speed up their process and finally reach the threshold of entry into force.
He said that the ratification of the agreement by six ASEAN member countries and three non-ASEAN countries is necessary to reach this threshold, and the sooner the agreement enters into force, the more the peoples of the member states will benefit.
The agreement, the largest free trade agreement in the world, was signed in mid-November 2020 by the 10 member states of ASEAN, China, Japan, South Korea, Australia and New Zealand.
The article, Minister of Commerce: China officially ratified the Regional Comprehensive Economic Partnership Agreement, it was written in the Stock Exchange newspaper.