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【Insights from Dr. Zheng Lei, Director of Economic Behaviour and China Policy Research Center】

———— Release time:2021-01-14   Edit:  Read:14 ————

After the RCEP was signed, the world became three major free trade areas: the three North American countries, the 20 EU countries, and the 10 countries in China, Japan, South Korea, Australia, Canada and 10 ASEAN countries (RCEP).


From the perspective of the international trading system, a situation of triadism has taken shape, which is a transitional form of new globalization. The future goal is to reintegrate and basically form zero-tariff trade between most countries in the world.