Economic and trade exchanges expected to expand with RCEP

From June 28 to 30, the 2023 RCEP Economic Trade Cooperation High-Level Forum was held in East China’s Shandong Province’s Qingdao City. The investment and trade fair attracted many RCEP member countries to participate in the exhibition.
During this, they organized activities such as enterprise demonstrations, project talks, conducting promotional activities and promoting investment policies and business environment. They say they will continue to use the RCEP channel to enhance bilateral and multilateral economic and trade cooperation.
At the fair, Commercial Counselor of the Philippines Investment and Trade Center in Beijing, Emmanuel W. Ang introduced the investment advantages of the Philippines, saying that China is a very important export market for the Philippines and a major trading partner of the Philippines. Trade between the two countries is frequent, and China imports large quantities of tropical fruit products. China is the largest source of investment in the Philippines and Chinese companies have contributed greatly to the Philippines, especially in the infrastructure sector. The Philippines will further improve the business environment.
At the same time, Khounchay Lamsouthi, economic advisor to the Laos Embassy in China, said that China is the second largest foreign investor in Laos. China and Laos are good neighbors, good friends and good partners. The operation of the China-Laos Railway is a very important event for Laos. He hopes that more people will invest in Laos and turn the China-Laos railway into a bridge of the RCEP. Laos will continue to promote economic and trade exchanges with China and other RCEP countries.
(Credits- China Media Group, Beijing)