RCEP facilitates Thailand’s fruit exports to China

The Regional Comprehensive Economic Partnership (RCEP) has lowered the cost of trade, facilitated the integration of industrial chains, and benefited consumers in the region. The RCEP was signed in November 2020 by 15 Asia-Pacific countries and 10 ASEAN member states. It entered into force on 1st of January 2022.

Tropical fruits such as coconuts from ASEAN countries are reaching Chinese consumers faster to the implementation and vigorous development of RCEP over the past two years. China has become the largest importer of Thai coconuts, which account for 80 percent of the market share of all imported coconut products in China. The RCEP free trade agreement huge opportunities for Thai businesses, with more and more Thai products entering the Chinese market.