The RCEP aims to deliver shared benefits to its member states by recognising the realities of different countries and reflecting the concerns of all members to the maximum extent possible. This mega trade pact finally signed after 31 rounds of formal negotiations over eight years is a hard-won achievement, forming an integrated market that accounts for one third of the global economy. However, for the RCEP to bear fruitful results for its members, the signatories have to take solid steps to safeguard the rules-based multilateral trading system, and deepen regional integration and cooperation.
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