Ministers from 15 countries spanning the Asia-Pacific region on November 15 signed the Regional Comprehensive Economic Partnership (RCEP) Agreement after eight years of talks. The agreement is expected to create the world’s largest free trade area and numerous new supply chains, and make significant contributions to regional economic recovery post COVID-19.
The Regional Comprehensive Economic Partnership (RCEP) will be in the spotlight at the 37th ASEAN Summit which is virtually hosted by Vietnam from November 12 – 15, according to Singapore’s The Strait Times.
German newspapers have run articles spotlighting the importance of the Region Comprehensive Economic Partnership (RCEP), especially for economic integration in the Asia-Pacific region.
The Regional Comprehensive Economic Partnership (RCEP) Agreement will create new opportunities for Japanese manufacturers and farmers, and contribute greatly to increasing Japan’s exports to Asia, Japanese Minister of Economy, Trade and Industry Hiroshi Kajiyama said on November 15.
The signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement is a historic achievement of the region, according to Cambodia’s national press agency Agence Kampuchea Press (AKP).
ASEAN Secretary-General Dato Lim Jock Hoi said the bloc had a momentous day when leaders of its member states, Australia, China, Japan, the Republic of Korea, and New Zealand witnessed the signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement.