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

WealthCoffee · 2026-04-05T10:33:42+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

2026-04-05 10:33:42

Abstract generation in progress

【Caixin Global】 Deepening regional economic cooperation is one of the key pathways to address unilateralism and protectionism. Over the past five years, the RCEP (namely, the Regional Comprehensive Economic Partnership Agreement) has played an important role in helping member countries hedge against the risks of global trade fragmentation.

On March 25, at the 2026 Annual Meeting of the Boao Forum for Asia, Chi Fulin, President of the Hainan Institute for Reform and Development of China, stressed that the RCEP should continue to keep development as its primary priority.

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

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