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RCEP expected to give boost to Czech exports

The Regional Comprehensive Economic Partnership (RCEP) Agreement, which was signed on November 15, is expected to open door for Czech enterprises to enter the world’s largest free trade area, according to Czech experts.
RCEP expected to give boost to Czech exports ảnh 1PM Nguyen Xuan Phuc witnesses the signing of RCEP on November 17 (Photo: VNA)

Prague (VNA) – The Regional Comprehensive Economic Partnership(RCEP) Agreement, which was signed on November 15, is expected to open door forCzech enterprises to enter the world’s largest free trade area, according toCzech experts.

Miroslav Diro, spokesperson of the Czech chamberof commerce, said countries having clinched free trade agreements with theCzech Republic like Vietnam and the Republic of Korea can become a gate way forCzech enterprises to reach to the markets of 15 RCEP countries.

Meanwhile, Štěpán Hájek, an analysist of PurpleTrading, said removing trade tariffs under the trade deal is a good sign for theCzech Republic’s open economy, particularly when the country is facing pressurefrom increasing protectionism.

He described the agreement as another advancement of the globalisation process,which is being threatened by the COVID-19 pandemic.

Luděk Procházka, Managing Director of Gerlach – the largest customs serviceprovider in the Czech Republic, believed that European firms, including thosein the Czech Republic, will see an increasing number of orders from RCEP memberstates./.
VNA

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