The Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines on Friday, signifying that the pact is now effective for all 15 members, a new stage of full implementation for the free trade area with the largest population, largest economic and trade volume in the world.

The Regional Comprehensive Economic Partnership (RCEP) agreement has played an important role in promoting Cambodia-made products and contributed to attracting new foreign investment, said officials and business leaders.

The Philippines on Thursday approved the executive order operationalizing the Philippines' tariff commitments under the Regional Comprehensive Economic Partnership (RCEP) Agreement.

A new drive is underway to ensure the Regional Comprehensive Economic Partnership is implemented at the optimal level.

The pact provides a dispute settlement mechanism that envisions a transparent process of resolution whenever dispute arises between members.

The implementation of free trade agreements (FTAs) will continue to prove fruitful for Vietnam in 2023, said Minister of Industry and Trade Nguyen Hong Dien.

Reflecting on the past year, one can identify positive developments of the RCEP agreement. The world economic growth is sluggish, while economic globalization and free trade are facing severe backlash amid the pandemic.

Since its World Trade Organisation (WTO) membership in 2007, Vietnam has engaged in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).

The Regional Comprehensive Economic Partnership (RCEP) agreement officially took effect for Indonesia on January 2, with the country putting new regulations in place for its trade with other members of the world's largest free trade deal.

Considered one of the world’s largest regional free trade agreements, the Regional Comprehensive Economic Partnership (RCEP) stole the world’s attention once again as it entered into force on 1 January 2022.