RCEP Series Interpretation (II): Some Provisions of RCEP Agreement on Cross-border Electronic Commerce

In recent years, Vietnam's rapid development has become an important topic of global attention, and some commentaries suggest that Vietnam will replace China as the next global manufacturing base. Regardless of whether such comments are well founded or not, there are many signs that Vietnam is indeed working hard in this direction and is making deep innovations in environmental protection, free trade agreements, business environment, rule of law environment and many other aspects.

On January 1, 2022, RCEP officially came into effect. Earlier, in November 2021, when the agreement was signed by 15 countries under the RCEP framework, 80% of the many series of reports published on the home page of the official website of the Ministry of Commerce of our country focused on one topic, namely the signing of the RCEP indirectly led to the FTA between China and Japan. Because of this, our officials generally consider the landing of the RCEP as "a major breakthrough", which is the first time that China has reached a FTA with the world's top 10 economies. This shows how much importance China attaches to the upgrading of trade relations between China and Japan.