The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday.

The Regional Comprehensive Economic Partnership (RCEP) came into effect January 1, 2022. Data from the first quarter of 2022 show that China trade with member countries expanded 6.9 percent year-on-year to RMB 2.86 trillion (approx. US$448.6 billion). RCEP allows China to further leverage its trade potential to secure greater market access in the region. Key beneficiaries include mechanical and electrical product segments, the e-commerce industry, and small and medium-sized enterprises (SMEs).

The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according to Standard Chartered Bank.

The Regional Comprehensive Economic Partnership (RCEP) trade deal and the China-Laos Railway is expected to bring opportunities for Laos manufacturing and give rise to “Made in Laos,” as the railway, a flagship project under the Belt and Road Initiative, has seen five months of successful operation, container transport operator China Railway Container Transport Corp (CRCT) told the Global Times on Friday.

Durians have entered their best season, and orders for the "stinky" fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area.

The RCEP is likely to further boost Vietnam’s exports, support the current account balance, and help attract increased direct investment flows into the country.

Hong Kong recently applied to join the Regional Comprehensive Economic Partnership (RCEP). The underlying aim of RCEP is to create an integrated market across the region. RCEP accounts for roughly 30 per cent of the world’s output, trade and population.

On 1 January 2022, the Regional Comprehensive Economic Partnership (RCEP) came into effect. RCEP has significant economic importance because it is the first comprehensive economic partnership in East Asia to include the three major countries in the region: China, Japan and South Korea.

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

Almost four months after the Regional Comprehensive Economic Partnership came into action, China-stationed foreign diplomats said the forms of intraregional trade will be further diversified and facilitated, enriching the Asia-Pacific region's economic vitality through inclusive and sustainable economic recovery amid the pandemic.