Shanghai Rolls out Measures to Advance the High-Quality Implementation of RCEP
ISSUING AUTHORITY:
Shanghai Municipal Commission of Commerce
DATE OF ISSUANCE:
February 18, 2022
Shanghai Municipal Commission of Commerce recently released the Measures of Shanghai Municipality on Advancing High-quality Implementation of Regional Comprehensive Economic Partnership (RCEP) (the “Measures”).
The Measures, setting out a list of 22 tasks in total, are designed to advance high-quality development of goods trade, accelerate innovative growth of services trade, deepen two-way investment partnership, build sophisticated regional partnership platforms, improve services provided to enterprises and create the best business environment. According to the Measures, Shanghai will ramp up its imports trade with RCEP member countries, expand diversified international markets, and promote the regional integration of cross-border e-commerce markets within Shanghai by encouraging platforms in RCEP countries to build operations in the city as well as encouraging manufacturing and trade companies to operate through these platforms to expand international trade of apparel, cosmetics and high-end consumer goods.
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