Regional Comprehensive Economic Partnership (ASEAN+6)
Recent articles published in The Post – Cambodia’s trade deficit to worsen to $2.3B per year with RCEP, says UNCTAD expert and Cambodia, ASEAN likely to teeter off balance with RCEP – raise a number of concerns about Cambodia’s possible membership of the free trade agreement.
Japan’s parliament approved joining the RCEP to aim for it to come into effect from the start of next year. The approval by Japan’s upper house comes after China called for the deal to be ratified to shore up the economy in the Asia-Pacific.
Japan’s parliament approved Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year.
The Ministry of International Trade and Industry (Miti) targets to receive the mandate from the Cabinet to determine the direction of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in October this year.
A joint initiative on promoting early implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement has been launched in the east China port city of Qingdao on April 25.
Pakistan’s Ambassador to the Philippines said he would push for the inclusion of Pakistan in the RCEP to boost trade with the Philippines and other members of the Association of Southeast Asian Nations.
Professor at the East Asian Institute of the National University of Singapore, cautioned that geopolitics now have "too much influence" on world trade, which could pose "great challenges" to the further implementation of the trade deal.
Singapore ratified the RCEP agreement on Friday, becoming the first participating country to do so in a multi-nation trade pact that brings together the 10 ASEAN economies as well as Australia, China, Japan, New Zealand and South Korea.
The ACTU has condemned the Federal Government at an inquiry hearing into Myanmar today for pressing ahead with ratifying the Regional Comprehensive Economic Partnership (RCEP) trade agreement which includes trade with Myanmar.
US Trade Representative has raised digital trade as an area of potential future cooperation in her coversations thus far with Asian partners.
Four months after RCEP was signed, a study surfaces, with gloomy trade data, portending a shaky future for the Kingdom and ASEAN as a whole
The Diet, Japan’s parliament, on Friday started debates on whether to approve the Regional Comprehensive Economic Partnership free trade deal, which was agreed on by Japan and 14 other nations in November last year.
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.
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.
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.
There are several sticking points for new entrants into the CPTPP, especially China.
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.
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 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.
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.