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China Japan RCEP South Korea

Entrepreneurs from China, Japan and South Korea pin hopes on the RCEP: survey (Zhang Dan, Global Times)

Despite the ongoing pandemic and geopolitical volatility, most entrepreneurs from China, Japan and South Korea are optimistic about China’s economic growth in 2022 and the recently implemented mega trade pact – the Regional Comprehensive Economic Partnership (RCEP), according to a joint survey by the Global Times Research Center, Maeil Business Newspaper and Nikkei.

GT Investigates: Entrepreneurs from China, Japan and South Korea pin hopes on the RCEP: survey – Global Times

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Asia RCEP

Will RCEP make Asia ‘center of gravity’ for global commerce? (Wen Sheng, Global Times)

Everyone knows free trade enhances productivity and creates wealth. With the 15-member RCEP (Regional Comprehensive Economic Partnership) coming into force at the beginning of 2022, the world’s largest free trade area is born that will bring heightened certainty to open, fair, inclusive and rules-based multinational trade and investment to all the signatories. In sharp contrast to the US government’s penchant for imposing trade tariffs and unilateral economic sanctions against other countries, RCEP is likely to make Asia the “center of gravity” for global commerce and prosperity.

Will RCEP make Asia ‘center of gravity’ for global commerce? – Global Times

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China RCEP

RCEP welcomes rising deals in first week as firms delighted with cost benefits (Chu Daye, Global Times)

A wave of initial deals swept across China’s exporting provinces in the first week of implementation of the Regional Comprehensive Economic Partnership (RCEP) pact, as companies across China are thrilled at the tangible RCEP benefits.

RCEP welcomes rising deals in first week as firms delighted with cost benefits – Global Times

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RCEP

RCEP to take effect on first day of 2022, extend Asia-Pacific industrial chains in closer bond (Global Times)

The world will see the establishment of its largest trade bloc, the Regional Comprehensive Economic Partnership (RCEP), from the beginning of 2022, Chinese government officials announced on Thursday, a piece of news that not only brings hope after a year battered by the pandemic, but also marks a glorious victory of multilateralism and boosts trade prospects for countries in the Asia-Pacific region.

RCEP to take effect on first day of 2022, extend Asia-Pacific industrial chains in closer bond – Global Times

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RCEP

RCEP estimated to boost regional GDP by 0.86% by 2035: report (Global Times)

The Regional Comprehensive Economic Partnership (RCEP) pact that creates the world’s largest free trade bloc will lift regional GDP by 0.86 percent by 2035, a report by the Chinese Academy of International Trade and Economic Cooperation stated on Sunday.

RCEP estimated to boost regional GDP by 0.86% by 2035: report – Global Times

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Hong Kong/RCEP. The case for Hong Kong joining RCEP (Julien Chaisse, East Asia Forum)

Hong Kong expressed a strong interest as early as 2018 in joining the Regional Comprehensive Economic Partnership (RCEP) and has received positive responses RCEP member states.

The case for Hong Kong joining RCEP | East Asia Forum

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(USA/China/RCEP) US–China competition after RCEP (East Asia Forum)

Yuhan Zhang, UC Berkeley

In November 2020, 15 countries signed the Regional Comprehensive Economic Partnership (RCEP) amid a backdrop of deglobalisation and trade protectionism. While RCEP demonstrates the success of ASEAN’s middle-power diplomacy and promotes regional trade and economic development, it also serves China’s national interests and will make the region’s largest economy more powerful economically and politically.

US–China competition after RCEP

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(RCEP/Cambodia) How RCEP benefits Cambodia in the long term (East Asia Forum)

Author: Heimkhemra Suy, Phnom Penh

Though the Regional Comprehensive Economic Partnership (RCEP) may bring only modest short-run economic benefits to Cambodia, the long-run outlook looks positive. Through ASEAN free trade agreements (FTAs) with non-ASEAN partners, Cambodia has already benefited from extensive tariff reductions and preferential trade treatment. For example, over 70 per cent of intra-ASEAN trade is conducted with zero tariffs.

How RCEP benefits Cambodia in the long term

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(India/RCEP) India’s reluctance in joining the RCEP — A boon or a bane in the long-run? (ORF)

India’s reluctance in joining the RCEP — A boon or a bane in the long-run?

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