Heavy Duty Ground Anchor

Tu Xinquan, dean of the China WTO Institute at the University of International Business and Economics, believes that RCEP has brought great opportunities for cross-border e-commerce development. He further analyzed that the current RCEP member countries account for about 30 percent of the global total trade, and the formation of a unified regional market through trade liberalization and facilitation will open up more trade space. At the same time, RCEP provides a good institutional guarantee for cross-border e-commerce related logistics, financial settlement, insurance, natural person flow, etc., which will significantly reduce the business risks and policy uncertainty of cross-border e-commerce.

Relevant companies are also optimistic about the market opportunities brought by RCEP. Chen Gang, executive vice president of Newegg China, said the RCEP agreement mainly benefits the ASEAN market, which Newegg is now also starting to study. He believes that cross-border e-commerce has revolutionized international trade. "Through cross-border e-commerce, traditional enterprises can get engineer bonus, designer bonus, operation bonus and brand bonus in addition to production dividend."

Under favorable background, the outlet of the anchor will be more convenient.