Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.

Trade between China and Japan will get a huge boost from the Regional Comprehensive Economic Partnership (RCEP) thanks to favorable terms in areas including tariffs.

Việt Nam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.

Philippines Senate has deferred ratification of RCEP after farmers and other civil society groups in the country expressed strong reservations against the mega trade deal.

Regional Comprehensive Economic Partnership forecast to boost intraregional trade by nearly 2 per cent, or about US$42 billion. But the potential benefits in some sectors like e-commerce or for workers are uncertain, due to limitations in its scope, experts say

In January 2022 Indonesian Minister for Coordinating Economic Affairs Airlangga Hartarto said the Indonesian government aims to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement in the first quarter of 2022. Just like the Philippines and Myanmar, Indonesia is still to ratify the RCEP even though this agreement already took effect per 1 January 2022.

The Narendra Modi government had walked out of the pact in November 2019.

When post-Covid-19 economic recovery is the central policy focus of all countries worldwide, the implementation of RCEP is, indeed, a welcome gift to Asean.

On the very first day of the new year, the world’s largest free trade agreement – Regional Comprehensive Economic Partnership (RCEP) – officially came into effect.

The Regional Comprehensive Economic Partnership (RCEP), which took effect from January 1, is expected to become a new momentum accelerating trade and subsequently post-pandemic economic recovery by forming a stable and long-term export market for Vietnam and other ASEAN countries and creating a legally biding foundation for an equal trade environment in the region.