Chi Fulin recommends accelerating RCEP expansion, with Hong Kong ranked first

WealthCoffee · 2026-04-08T11:05:58+00:00

Deepening regional economic cooperation is key to addressing unilateralism and protectionism. Over the past five years, RCEP has reduced trade fragmentation risks for member countries. At the Boao Asia Forum, experts pointed out that RCEP should continue to prioritize development as its primary goal.

WealthCoffee

2026-04-08 11:05:58

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【Caixin.com】 Deepening regional economic cooperation is one of the key pathways to address unilateralism and protectionism. Over the past five years, RCEP—i.e., the Regional Comprehensive Economic Partnership Agreement—has played an important role in helping member countries offset the risks of global trade fragmentation.

On March 25, at the Boao Forum for Asia 2026 Annual Conference, Chi Fulin, President of the Hainan Institute of Reform and Development, emphasized that RCEP should continue to make development its first priority.

RCEP is a free trade agreement signed by 15 parties, including China, Japan, South Korea, Australia, New Zealand, and the 10 ASEAN member states. RCEP was initiated by ASEAN in 2012, with eight years of negotiations, and officially entered into force in January 2021.

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