The regional comprehensive economic partnership agreement (RCEP), signed by China, Japan, the ROK and ASEAN, will enter into force on January 1, 2022. As the largest free trade agreement in the world, RCEP region will cover 47.4% of the global population, 32.2% of the global GDP and 29.1% of the total global foreign trade.
With the support of China ASEAN Business Council, Wenzhou Yueqing undertook the establishment of RCEP regional electrical industry cooperation committee. Hu Chengzhong, chairman of the board of directors of Delixi Group, was invited as the Chinese executive chairman of the Committee.
On December 10, RCEP electrical industry cooperation conference and the Establishment Ceremony of electrical industry cooperation committee were grandly held in Yueqing, Wenzhou. Hu Chengzhong attended and delivered a speech at the conference, emphasizing the promotion of regional integration of technology, manufacturing, market and other elements of the electrical industry, making greater contributions to energy carbon reduction with strong hardware support capacity, further removing various intangible obstacles and opening up a broad road for win-win regional cooperation.