Analysis of China's Agricultural Trade Changes under the RCEP Agreement

Abstract

RCEP was initiated by ASEAN in 2012. After eight years of negotiations, it was established by 15 members of 10 countries including China, Japan, South Korea, Australia, New Zealand and ASEAN. This agreement has injected strong impetus into member state economic development. By comparing and analyzing the trade volume of agricultural products between China and its member countries in 2021 and 2022, this paper finds that under the influence of RCEP, a series of changes have taken place in the import and export of agricultural products in China, among which the export of vegetables and aquatic products in China has increased. With the increase of imports of fruits, animal and vegetable oils, when enjoying the trade dividend brought by RCEP, China should further expand the trade of agricultural products, improve the competitiveness of agricultural products, and optimize the export structure of agricultural products, so as to occupy more international markets.