ISSUING AUTHORITY:

Shanghai Municipal Commission of Commerce

DATE OF ISSUANCE:

February 18, 2022

Shanghai Municipal Commission of Commerce recently released the Measures of Shanghai Municipality on Advancing High-quality Implementation of Regional Comprehensive Economic Partnership (RCEP) (the “Measures”).

The Measures, setting out a list of 22 tasks in total, are designed to advance high-quality development of goods trade, accelerate innovative growth of services trade, deepen two-way investment partnership, build sophisticated regional partnership platforms, improve services provided to enterprises and create the best business environment. According to the Measures, Shanghai will ramp up its imports trade with RCEP member countries, expand diversified international markets, and promote the regional integration of cross-border e-commerce markets within Shanghai by encouraging platforms in RCEP countries to build operations in the city as well as encouraging manufacturing and trade companies to operate through these platforms to expand international trade of apparel, cosmetics and high-end consumer goods.

Reference:

市商务委关于印发《上海市关于高质量落实〈区域全面经济伙伴关系协定〉(RCEP）的若干措施》的通知