On March 25, the Boao Forum for Asia held its 2025 annual meeting and released the "2025 Annual Report on the Asian Economic Outlook and Integration Process" (hereinafter referred to as the report). The report mentioned that since the Regional Comprehensive Economic Partnership (RCEP) officially took effect in January 2022, the trade creation effect has begun to show, foreign direct investment in the region has steadily increased, and the Industry Chain and value chain have accelerated integration, injecting new vitality into member economies. The report shows that in 2024, the total trade volume within the RCEP region is expected to grow by about 3% year-on-year. The vast majority of member regions have achieved year-on-year trade growth. Developing economies such as Laos, Myanmar, Cambodia, and Indonesia are growing the fastest, with the growth rates of intra-regional trade in 2024 compared to 2021 reaching 72.4%, 40.4%, 26%, and 19.2%, respectively. The report believes that in terms of the overall trend of regional economic and trade cooperation development, RCEP still faces challenges in market integration, rule utilization, and implementation mechanisms. To jointly build a high-level global largest free trade area, efforts are needed to promote the high-level implementation and upgrading of RCEP, improve the governance system, and facilitate the Asia-Pacific free trade process.