On Aug 18, Huaqiao University (HQU) held a special training program on Regional Comprehensive Economic Partnership (RCEP) in the auditorium of Tan Kah Kee Memorial Hall of Quanzhou Campus. HQU president Xu Xipeng, delivered a welcome speech. HQU Vice President Wang Xiuyong, the heads of HQU School of Continuing Education and representatives from over 40 foreign trade and cross-border e-commerce companies in Quanzhou attended the training.

On Jan 1, 2022, the RCEP formally came into effect, marking the official landing of the free trade zone with the largest population, the largest economic and trade scale, and the highest potential for development in the world. China is working to pursue high-standard implementation of the RCEP agreement,fully implement the market opening commitments and rules stipulated in the agreement, guide localities, industries and enterprises to adapt to a more open environment and more sufficient competition in the regional market, better grasp the opportunities brought by the RCEP, and properly handle all types of risks and challenges, so as to accelerate the fostering of a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. Under such a background,HQU held this special training program on RCEP.

Aformer Chinese ambassador was invited to deliver a lecture on the significance of the RCEP for China’s economy, regional economic integration, opening-up and international cooperation with a focus on the background and guiding principles of RCEP as well as an in-depth analysis of the impact of the RCEP on the foreign trade and related industries of China. Experts from Quanzhou Customs House (affiliated to Xiamen Customs District) provided detailed explanations on policies and issues that are of common concern to the businesses,such as the RCEP rules of origin and proactive application of preferential tariff treatment. A Q & A session wrapped the training program up with a lively exchange between the experts and the audience.

HQU president Xu Xipeng said that the RCEP will help promote China’s dual-circulation economic development strategy, boost regional economic and trade cooperation, and will unleash more opportunities to expand higher-level opening-up in Fujian Province. HQU will continue to play its role as the strategic scientific and technological force and contribute to Quanzhou’s economic and social development.

(Editor: Cai Juntao)