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GLOBALink | RCEP helps more ASEAN agricultural products enter Chinese market

Pub Date:2023-01-03 09:22 Source:Xinhua

Thanks to reduced tariffs under the Regional Comprehensive Economic Partnership (RCEP), fruits and other agricultural products from Southeast Asian countries can now reach China faster and at lower prices.

The RCEP, the world's largest free trade deal comprising 10 Association of Southeast Asian Nations (ASEAN) countries, as well as China, Japan, the Republic of Korea (ROK), Australia and New Zealand, entered into force on Jan. 1, 2022.

In 2022, Vietnamese passion fruit and durian were allowed to enter the Chinese market.

A company in Vietnam, which is mainly engaged in planting and processing durian and other fruits, has expanded its production, signed a new contract for 3,000 hectares of durian orchards, and built new factories.

South China's Guangxi Zhuang Autonomous Region has become an important window for exchanges and cooperation between China and ASEAN countries.

Thanks to China-ASEAN economic and trade exchanges in recent years, the TWT Supply Chain Management Co., Ltd. in Guangxi has grown into a one-stop supply chain service provider, covering over 50 Chinese cities and several ASEAN countries.

The company has embraced more business opportunities since the RCEP deal went into effect.

Produced by Xinhua Global Service

Editor:Li Ruichuan

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