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"I believe that the RCEP will also provide a solid foundation for an open, inclusive, and rules-based global trade environment," said Myanmar President U Win Myint at the expo's opening ceremony.
As much as 90 percent of intra-regional trade in goods will be made tariff free when the agreement get implemented. Policy measures will be swiftly formulated in terms of tariff concessions, simplified custom clearance procedures, technical preparations for rules of origin and harmonization and mutual recognition of product standards. Custom clearance within six hours will be made possible for express delivery and perishable goods.
Figures from the Ministry of Commerce show that in 2019, retail sales in automobiles, home appliances, furniture, construction materials and catering sectors accounted for some 25 percent of the total retail sales in China, and retail sales in rural areas accounted for 14.7 percent of the total.
Wang spoke of Xi's in-depth elaboration on China's new development paradigm of "dual circulation," where the domestic and overseas markets reinforce each other, with the domestic market as the mainstay.
Looking ahead, the official added that China would unswervingly follow the path of expanding opening-up, enhancing the business environment, and welcoming foreign investment.
来源：资阳报