Finance and Trade Research, 2024, Issue7

Authors: Lv Yue  and Wang Mengyuan

Abstract: By measuring the relevant indicators of global value chain participation, this paper presents the status quo of value-added trade of counteies under the RCEP framework and focuses on the evolution of China's position in the regional value chain. At the same time, it thoroughly analyzed the positive significance of the regional accumulation system of original producing areas, investment promotion rules, e-commerce, and intellectual property protection provisions in the RCEP agreement to promote the deep integration of the regional industrial chain. In order to speed up the construction of the regional value chain under the RCEP framework, China should effectively utilize the regional market and promote the leap of China's value chain, strengthen the implementation of supporting industrial policies and actively respond to industrial chain competition, promote the interactive development of RCEP and the "Belt and Road" initiative and increase the scope of spatial integration of regional industrial chains, connect with high-level international economic trade rules by relying on the advantages of the Pilot Free Trade Zone, provide a boost to join CPTPP, seize the opportunity of developing the digital economy so as to promote the improvement of digital trade rules.

Keywords: RCEP; regional value chain; value-added trade