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.

The Regional Comprehensive Economic Partnership (RCEP), taking effect on Saturday, shines rays of hope through the dark clouds of unilateralism and protectionism.

From cost savings to greater market access, there will be clear benefits for Singapore businesses as the world’s largest trade deal comes into force, the city-state’s trade minister said on Tuesday.

On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) will take effect and is envisioned to serve as a key engine of trade and investment and, and promote a more inclusive economic recovery for the entire region.

When it enters into force, the 15-member partnership will be doubly historic