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Premier: China expects to sign RCEP this year

Updated: May 28,2020 08:11 PM    CGTN

Premier Li Keqiang on May 28 said that China will sign the Regional Comprehensive Economic Partnership (RCEP) Agreement with member countries this year as scheduled, adding that "China is actively pushing the establishment of the China-Japan-ROK Free Trade Agreement (FTA)."

During the press meeting after the third session of the 13th National people's Congress concluded, Premier Li confirmed that China is actively promoting regional cooperation with Japan, South Korea and other neighboring countries amid the challenges posed by the coronavirus pandemic.

This month, China and South Korea established a "fast-track" entry system due to both countries having successfully contained the coronavirus at home. This system can help promote business and technology exchanges, and in turn facilitate the recovery of the economy in both countries as well as the whole region.

Premier Li stressed the importance of establishing a "mini-circle" of China-Japan-South Korea within the "large-circle," adding that the geopolitical proximity of the countries is a huge advantage.

Additionally, Premier Li acknowledged that China is open to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).