See 4 Major Trends of E-Commerce International Cooperation From the Content of RCEP
The 15 member countries of RCEP cover about 2.27 billion people, accounting for about one third of the global population. In 2019, the total GDP of the region reached us $25.6 trillion, accounting for 29.3% of the global economic aggregate. Trade volume also reached US $10.4 trillion, accounting for 27.4% of the global total. In the future, the RCEP will become an important engine driving economic growth in the Asia-Pacific region as well as the global economy.
Main Contents of RCEP
The RCEP agreement consists of 20 chapters, mainly covering ten major areas, including trade in goods, trade in services and movement of people, access to investment, intellectual property rights, e-commerce, standards and technologies, animal and plant quarantine, economic and technological cooperation, small and medium-sized enterprises, and dispute settlement. One of the most noteworthy points is the tariff aspect. After the entry into force of the agreement, the member states will mainly reduce taxes immediately and gradually reduce taxes within 10 years, and finally achieve zero tariffs on more than 90% of the trade in goods within the region.
According to the specific provisions of "E-commerce content", the signing of the RCEP agreement will bring great opportunities to the international cooperation in e-commerce. And the content of the agreement will also influence and regulate it to some extent. To be specific, there are the following trends:
2.It will significantly accelerate the digitization of the way cross-border e-commerce is regulated.
3.The protection of consumer rights and interests is expected to achieve cross-border collaboration.
4.It has become a consensus to develop cross-border e-commerce.
The RCEP parties cover 30% of the world's GDP and population, and span the three largest economies in East Asia and the major countries in Southeast Asia. In recent years, southeast Asia has become a battleground for cross-border sellers due to its huge market potential. E-commerce platforms, second-class e-commerce, and e-commerce models sold in the form of COD can all be found in Southeast Asia.