Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

S.China Hainan rolls out 16 measures to deepen cooperation with RCEP countries

March 31, 2023


Abstract : The Commerce Department of south China's Hainan Province recently released 16 specific measures on deepening cooperation with Regional Comprehensive Economic Partnership (RCEP) member states, aiming to further leverage the policy advantages brought by the construction of Hainan Free Trade Port (FTP) and the dividends by the entry into force of the RCEP agreement.

This aerial photo taken on Oct. 23, 2022 shows a view of the Dongfang Lingang Industrial Park in south China's Hainan Province. (Xinhua/Pu Xiaoxu)

BEIJING, March 31 (Xinhua) - The Commerce Department of south China's Hainan Province recently released 16 specific measures on deepening cooperation with Regional Comprehensive Economic Partnership (RCEP) member states, aiming to further leverage the policy advantages brought by the construction of Hainan Free Trade Port (FTP) and the dividends by the entry into force of the RCEP agreement, reported Chinanews.com Thursday.

According to the measures, Hainan will strengthen economic and trade cooperation with RCEP members, and further deepen international exchanges and cooperation in the fields of intellectual property rights, tropical crops and think tanks.

In terms of building an international cooperation platform, Hainan vowed to actively organize high-level political and business forums and conferences on RCEP cooperation, and provide enterprises with services such as RCEP agreement interpretation, tariff inquiry and certificate of origin issuance.

Priority will be given to strengthen cooperation with RCEP member states in advanced manufacturing, consumer products, medical and pharmaceutical products, and agricultural product processing by relying on Hainan's key industrial parks and regional advantages.

The entry into force of the RCEP agreement and the policies related to the construction of the Hainan FTP has injected vitality into Hainan's foreign trade development. 

According to statistics, Hainan achieved 71.18 billion yuan in imports and exports with RCEP trading partners in 2022, up 23.7 percent year on year, and attracted 196 foreign companies from RCEP member states to settle business in the FTP. (Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

Scan the QR code and push it to your mobile phone

Keyword: Hainan cooperation RCEP

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial