 The first Chinese freight train departing for Vietnam after RCEP takes effect. Photo: Chinanews |
The X9101 train carrying more than 800 tonnes of cargo left the Nanning international railway port on New Year's Day for Hanoi. The cargo included electronics, daily necessities and chemical products worth 10 million USD
The RCEP groups the 10 members of the Association of Southeast Asian Nations, as well as China, Japan, the Republic of Korea, Australia and New Zealand. The 15 states' population (2.7 billion people) account for about 30% of the world total and has a combined gross domestic product of around 26.2 trillion USD.
The RCEP agreement, which has been in effect since January 1, 2022, is expected to accelerate the recovery of the region and be a catalyst contributing to the global economy.