RCEP poised to inject new momentum in global growth

High-level implementation of the Regional Comprehensive Economic Partnership agreement, which has taken effect since Jan 1, will propel regional economic integration to inject new impetus for world economic growth, according to officials and experts on Sunday.

To that end, joint efforts are required from all members to deepen cooperation and seek common development with a firm resolve to uphold globalization, they said.

They made the remarks at the RCEP Media & Think Tank Forum with the theme of "working together for common development".

The event was jointly organized by the Publicity Department of the Communist Party of China Hainan Provincial Committee, China Daily, the Chinese People's Institute of Foreign Affairs, and the Hainan-based China Institute for Reform and Development.

"Working together for common development" is the right and wise appeal that corresponds to these worrying and uncertain moments for Asia. And the appeal is no doubt even more necessary now, said Keo Puth Rasmey, former deputy prime minister of Cambodia.

Qu Yingpu, publisher and editor-in-chief of China Daily, said the world peace and development are facing serious challenges rising from both the pandemic and the unfolding changes not seen in a century.

"We must always abide with the right course of history and remain vigilant on the anti-globalization sentiments and behaviors and oppose them, should safeguard economic globalization, deepen interconnectivity and jointly build an open world economy," he said.

The RCEP economies should increase openness and deepen cooperation to enhance regional integration, promote high-quality economic development with the principle of mutual benefit and the win-win approach, and strengthen people-to-people bond to actively create good environment for common development, according to him.