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RCEP

Regional Comprehensive Economic Partnership (ASEAN+6)


Cambodia’s trade deficit to worsen to $2.3B per year with RCEP, says UNCTAD expert
Cambodia’s trade balance is expected to worsen by $2.3 billion per annum or around 17 per cent due to the recently-signed RCEP, startling data from a joint study led by Dr Rashmi Banga of the UNCTAD revealed.
MITI: Malaysia to ratify RCEP by year-end
Malaysia is looking towards ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement by the end of this year, the International Trade and Industry Ministry (MITI) deputy secretary-general (Industry) Datuk Seri Norazman Ayob said.
M’sia’s goods trade balance to worsen post-RCEP
Malaysia’s goods trade balance will decline by 36% or US$4 billion (RM16.4 billion) per annum, post the Regional Comprehensive Economic Partnership (RCEP), according to a report by the Global Development Policy Centre of Boston University.
The complexities of China’s CPTPP entry
There are several sticking points for new entrants into the CPTPP, especially China.
China says members of RCEP pact aim for deal to take effect from 2022
China is encouraging the early implementation of the Regional Comprehensive Economic Partnership, and members of the Asia-Pacific trade pact aim for it to take effect from Jan. 1, 2022.
ASEAN’s fate hangs in an RCEP balance
In a virtual press conference held today, new evidence from a UN economist shows that the RCEP, a mega FTA recently signed by ASEAN and five trading partners Australia, New Zealand, China, Japan and South Korea, will negatively impact ASEAN, especially its trade balance.
China on course to fulfill all RCEP obligations
China will be able to fully fulfill its obligations under the agreement of the Regional Comprehensive Economic Partnership when it enters into force, a commerce official said.
RCEP expected to bring ’explosive growth,’ fierce competition among parties
In a more open market, Chinese products will face fierce competition from low-end products made by Southeast Asian countries with comparative advantages in labor and land, and high-end products by developed countries like Japan and South Korea.
Can an Australia–India FTA succeed where RCEP failed?
Having secured free trade agreements (FTAs) with almost all key trading partners, Australia is honing in on a long elusive but lucrative market — India. Tensions with China, the need to find new sources of economic growth and government policy to diversify trading partners are pushing Australia into India’s arms.
China has officially ratified RCEP deal: commerce minister
The Chinese government has officially ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, Minister of Commerce Wang Wentao said Monday.
China plans mega transport network to boost trade, economic growth
China’s plan to build a global rapid logistics circle for goods by 2035, which will likely boost China’s trade with major economies in the EU and Asia.
Japan cabinet endorses RCEP free trade deal
The Japanese government adopted at a cabinet meeting Wednesday a plan to approve a deal to forge the Regional Comprehensive Economic Partnership, which was agreed on by Japan and 14 other nations in November last year.
China-backed RCEP trade deal unlikely to benefit developing members in short term, analysts say
The Regional Cooperation Economic Partnership (RCEP) is unlikely to bring immediate significant benefits for its developing member countries in terms of flow of goods and services or major infrastructure investments, analysts and economists said.
Thai Parliament approves Regional Comprehensive Economic Partnership (RCEP)
The parliament approved the ratification of the Regional Comprehensive Economic Partnership (RCEP) which was expected to take effect this year, said Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.
Regional trade pact will pave way for digital yuan
The RCEP will undoubtedly pave the way for China’s new digital yuan expansion throughout Asia.
Australia has a great chance to engage in trade diplomacy with China, and it must take it
Australia’s efforts to end a diplomatic deep freeze with China may not be getting anywhere fast on the surface, but there are nonetheless some signs of a potential thaw.
RCEP going to parliament, instant enforcement likely
The Commerce Ministry is scheduled to propose to parliament on Tuesday the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, signed by 15 nations in Asia-Pacific including Thailand last November.
Unsustainable RCEP
If the latest flare ups over the contentious territorial issues and popular anti-China sentiments in the region are anything to go by, it seems likely that uncertainty over domestic ratification of the RCEP agreement by the signatory states would persist in the days ahead.
Brunei to host the RCEP Interim Joint Committee meeting
The Regional Comprehensive Economic Partnership (RCEP) Interim Joint Committee is to hold a virtual meeting on 30 January 2021 and will be the first joint committee meeting since the formal signing of the RCEP agreement.
As largest FDI recipient, China improves business climate for investors
As its economy maintains recovery momentum, the country aims to attract foreign investors this year by encouraging investment in more industries, shortening negative lists for foreign investment, and further expanding the free-trade network.