The Regional Comprehensive Economic Partnership (RCEP) trade pact, once signed, will act as a meaningful symbol of trade liberalization and multilateralism, not only in the region but also in the world, said a Vietnamese scholar.

The Regional Comprehensive Economic Partnership (RCEP) trade pact, once signed, will act as a meaningful symbol of trade liberalization and multilateralism, not only in the region but also in the world, said a Vietnamese scholar.

The 10th Meeting on the Regional Comprehensive Economic Partnership (RCEP), scheduled for June 23 in Hanoi, is expected to bring a new change to regional and global trade.

The pandemic is depressing demand, disrupting global supply chains and spurring export restrictions on medical and food supplies.

The Covid-19 pandemic has ravaged countries around the world over the past three months and India, the world's largest democracy with 1.4 billion people, has been among the hardest hit.

RCEP may be signed by year-end, but without India

The Regional Comprehensive Economic Partnership (RCEP) remains on track to be signed by the end of 2020, said Singapore’s Trade and Industry Minister Chan Chun Sing on May 3.

Regional Comprehensive Economic Partnership (RCEP) dialogue partners are advancing the review of legal texts, with an expectation of the process finishing in July so the pact can be signed at the ASEAN Summit in Vietnam later this year as scheduled.

Free trade agreement (FTA) generates both winners and losers, and the formation of the Regional Comprehensive Economic Partnership (RCEP) is no exception. This column argues that tariff reduction under RCEP is likely to reduce ASEAN’s exports as it will erode trade preferences of ASEAN granted by existing FTA partners.

China is working with other parties to push for the Regional Comprehensive Economic Partnership (RCEP) to be signed as scheduled.