RCEP creates new impetus for regional economic development

Since it entered into force in early 2022, the Regional Comprehensive Economic Partnership (RCEP) has helped strongly promote integration of value and supply chains, strengthen confidence in regional economic recovery and create new impetus for trade and investment growth in the region and the world, ...

RCEP abandons year-end goal for deal

Leaders from 16 Asia-Pacific nations including Japan, China and India have effectively given up on achieving the goal of finalising their free trade deal by the end of this year, according to a joint statement issued on Monday. In the statement released after their summit, the ...

Kyodo News

RCEP ministers fail to reach agreement

Ministers from 16 Asia-Pacific nations failed to reach an agreement on creating the world’s largest free trade area at their meeting on Friday, a Thai negotiator suggested, but some are optimistic about the chances of a deal by year-end. A senior Japanese government official told reporters ...

Kyodo News

RCEP talks: Members to meet in Singapore by month-end for next round

Chief negotiators of India, China and 14 other countries will meet by the end of this month in Singapore for the next round of discussions on the proposed mega free trade deal RCEP. “The meeting will start by the end of this month. This will ...

Business Standard Reporter

Will work closely for early conclusion of RCEP talks: Suresh Prabhu

India today said it will work “closely and constructively” with all the members of RCEP for early conclusion of the negotiations for a mega trade deal. []To promote investments, the government had created a project development fund (PDF) to facilitate Indian investment in four countries of ...

The Economic Times Reporter

RCEP opens markets for Cambodia

The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP ...

ASEAN members reaffirm 90% tariff cuts under RCEP

ASEAN members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership, over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister ...

ASEAN and China to focus on RCEP

ASEAN and China intend to cooperate in production capacity as well support the finalisation this year of the Regional Comprehensive Economic Partnership. Commerce Minister Apiradi Tantraporn said last week that a statement on the cooperation will be issued at the ASEAN Summit in Vientiane, which takes place ...

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