Summary
[Korea Government: RCEP will officially take effect for South Korea on February 1 next year]On the 6th local time, according to the Ministry of Trade, Industry and Energy of Korea, approved by the Korean National Assembly and reported to the ASEAN Secretariat, “Regional Comprehensive Economic Partnership Agreement” (RCEP) It will officially take effect for South Korea on February 1 next year. The South Korean National Assembly approved the agreement on the 2nd of this month, and the ASEAN Secretariat reported that the agreement will take effect for South Korea in February next year, 60 days later. As the world‘s largest free trade agreement, South Korea’s exports to RCEP members account for about half of South Korea’s total exports. After the agreement takes effect, South Korea will establish a bilateral free trade relationship with Japan for the first time. (CCTV News)
On the 6th local time, according to the Ministry of Trade, Industry and Energy of Korea, the “Regional Comprehensive Economic Partnership Agreement” (RCEP) will officially come into effect for South Korea on February 1 next year after being approved by the Korean National Assembly and reported to the ASEAN Secretariat. The South Korean National Assembly approved the agreement on the 2nd of this month, and the ASEAN Secretariat reported that the agreement will take effect for South Korea in February next year, 60 days later. As the world‘s largest free trade agreement, South Korea’s exports to RCEP members account for about half of South Korea’s total exports. After the agreement takes effect, South Korea will establish a bilateral free trade relationship with Japan for the first time.
(Source: CCTV News)
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