The signing and implementation of RCEP mark the birth of a highly promising free trade zone. This agreement not only promotes the liberalization of regional trade and investment, creating an integrated regional market but also drives regional economic growth, supporting the stability and prosperity of the East Asian economic sphere. Simultaneously, it contributes to global economic recovery.The implementation of RCEP brings new development opportunities to China’s manufacturing industry but also imposes higher standards, stricter rules, and intensified competition. Chinese manufacturing will face more challenges. This article analyzes the opportunities and challenges brought by RCEP to China and proposes policy suggestions to promote the development of China’s manufacturing industry, including strengthening cooperation with RCEP countries, enhancing technological innovation capabilities, and prioritizing the development of the workforce.

The RCEP rules are the basic guarantee for the settlement of international trade competition disputes. Only by establishing fair competition in relevant markets can the objectives of the Free trade Agreement be fully realized. Therefore, we should study the RCEP rules and summarize the shortcomings of the RCEP rules. In view of these deficiencies, a scientific and reasonable solution to the RCEP international competition dispute settlement rules will be found to solve the practical difficulties existing in the relevant rules of international competition dispute settlement, so as to promote the better realization of the objectives and purposes of international competition dispute settlement, and ultimately provide a fair market environment for further promoting the development of foreign trade of all countries.

RCEP, through its unique rules of origin accumulation, promotes mutual tariff concessions between Korea and China, reduces trade production costs, and will further promote the negotiation of the Korea-China FTA. Focusing on the post-epidemic era, South Korea and China should strengthen the consensus on economic and trade cooperation and use the higher standard and more comprehensive RCEP agreement to achieve a mutually beneficial and win-win situation. The industrial supply chain between South Korea and South Korea is the result of the spontaneous formation of the market, mutual benefit and win-win results. Third-party markets such as the Far East can better cooperate to provide impetus for the economic development of the two countries and the recovery of the world economy.