Vehicles with RCEP written on the body are seen at a port. [Photo/VCG]
NANNING – Thailand”s coconut, famous for its rich and sweet taste, has gained significant popularity in the Chinese market. In recent years, it has been extensively used in various foods and beverages in China, such as cakes, coffee, and hot pot, especially after the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement.
The RCEP, which entered into force on Jan 1, 2022, comprises 15 Asia-Pacific countries, including 10 ASEAN member states and their five trading partners, namely China, Japan, the Republic of Korea, Australia and New Zealand.
Two years on, many Thai industries in agriculture, textiles, and automobiles have benefited from the RCEP. Tariff cuts have further stimulated trade and investment growth of RCEP member countries. In 2022,…
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