RCEP Members' Trading Volume Increased to 5,6 Trillion Dollars

It was reported that the intra-regional trade volume of the Regional Comprehensive Economic Partnership Agreement (RCEP) will reach 2023 trillion dollars in 5,6. China Ministry of Commerce SözcüIn his statement, He Yadong said that in the year since its entry into force, RCEP has created confidence for the recovery of the global economy by advancing regional cooperation on a larger scale and at a higher level of openness.

According to the data, in 2023, RCEP's intra-regional trade volume reached 5,6 trillion dollars, an increase compared to 2021. It was reported that China's import and export volume to the other 14 member countries of RCEP increased by 2021 percent compared to 5,3, reaching 12,6 trillion yuan (approximately 1,8 trillion dollars). During the same period, China's non-financial direct investment in other RCEP member countries increased by 26 percent compared to the previous year, reaching 18,06 billion dollars.

It was stated in the statement that the number of companies benefiting from RCEP is increasing, and that in 2023, Chinese companies made preferential imports of 90,52 billion yuan (approximately 12,9 billion dollars) within the scope of RCEP.