With great opportunities and challenges from the Regional Comprehensive Economic Partnership, which has been in place for over three months, Vietnam has been taking drastic actions to protect local businesses and help them materialise windfalls from the deal.

The Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday (April 6).

Singapore was the first country to ratify the Regional Comprehensive Economic Partnership (RCEP), the free trade agreement that includes the 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and Australia, China, Japan, New Zealand, and the Republic of Korea.

Signs are already emerging that the Regional Comprehensive Economic Partnership, or RCEP, could expand beyond the one-third of the world it already covers.

The new and impactful Regional Comprehensive Economic Partnership will create new trade opportunities among Asian countries and accelerate the region’s economic recovery.

Nearly three months after the Regional Comprehensive Economic Partnership (RCEP) came into force, many Vietnamese enterprises said they have benefited from the world's largest trade deal that involves the Chinese gigantic market.

EVEN after India quit negotiations to join the Regional Comprehensive Economic Partnership (RCEP) two years ago, the currently 15-nation trade deal is still open for the South Asian country to join, according to a senior Japanese official.

Senior Kishida Cabinet official says India-Japan collaborations may suffer higher tariffs in Asia if India stays out

Western multilateralism, driven by the United States, remains in crisis and shows no signs of recovery. The centre of world trade is in the RCEP countries with the leadership of the Asian Giant.

Cambodian Commerce Minister Pan Sorasak said on Monday that the trade deal is a key driver for economic recovery in the participating countries both during and after the pandemic.