[The RCEP has come into full force for the 15 signatory countries] On June 2, the Regional Comprehensive Economic Partnership (RCEP) officially entered into force for the Philippines, marking the full entry into force of the RCEP for 10 ASEAN members and 15 signatories including Australia, China, Japan, the Republic of Korea and New Zealand. The full entry into force of the RCEP fully demonstrates the 15 parties' determination and actions to support an open, free, fair, inclusive and rules-based multilateral trading regime. It will inject strong impetus to regional economic integration, enhance trade and investment liberalization and facilitation in East Asia, and contribute to long-term and stable economic development in the region and the world at large. China will continue to promote the high-quality implementation of the RCEP, provide guidance and services for local governments, industries and enterprises to further implement and make good use of the agreement, ensure the continuous release of the benefits of the agreement, and fully leverage the positive role of the RCEP in promoting cooperation on industrial and supply chains, high-level opening-up and high-quality development. At the same time, we will work with other parties to fulfill our obligations under the agreement, strengthen the RCEP mechanism building, improve the overall implementation of the agreement, and provide a strong guarantee for the steady and long-term progress of the RCEP cooperation. Editor/Xu Shengpeng

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• 2026.08.05 16:36
• [Saudi Aramco completes bidding for multiple offshore oil and gas EPCI projects]
• Saudi Aramco is advancing the construction of offshore oil and gas production capacity. The bidding documents for five offshore EPCI projects will be submitted on August 1, 2026, involving six major offshore oil and gas fields. The bidding has been delayed multiple times. The project covers the construction of pipeline racks, production deck modules, and the improvement of offshore production facilities. Saudi Aramco's recent offshore capital investment has continued to rise, having previously awarded multiple large contracts. CNOOC Engineering has won the relevant CRPO contract in April 2026, and the Saudi market continues to release opportunities for global engineering companies.Editor/Gong Ziwei

• 2026.08.05 16:32
• [Sinoma International signs $476 million cement equipment contract with Nigeria]
• Recently, Sinoma International signed a $476 million equipment supply contract with Dangote Industries in Nigeria to provide core equipment, materials, and a 12-month warranty for two new clinker production lines at Itoli Cement Plant. The production line can produce 6000 tons of clinker per day, and it is planned to produce clinker within 24 months after equipment debugging. The project aligns with Dangote's development vision and will help expand local cement production capacity and increase exports, continuing the cooperation between the two parties and demonstrating the strength of Chinese enterprises' deep participation in African infrastructure.Editor/Gong Ziwei