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.
With the Regional Comprehensive Economic Partnership (RCEP) agreement taking effect January 1, 2022, Japan and other member nations expect to revitalise the pandemic-hit economy through free trade in the economic bloc, regarded as the world's largest, covering about a third of the global economy, according to Japanese news agency Kyodo News.
The Regional Comprehensive Economic Partnership (RCEP) Agreement will officially take effect starting January 1 next year, according to the Ministry of Industry and Trade.
Vietnam is taking final steps and scheduled to complete the ratification of the Regional Comprehensive Economic Partnership (RCEP) by November this year.
Trade between China and the Association of Southeast Asian Nations (ASEAN) has skyrocketed by 85 times since the two sides established their dialogue relations 30 years ago.
Minister of Foreign Affairs of Brazil Carlos Alberto Franco França recently hosted a reception for Ambassadors of members of the Association of the Southeast Asian Nations (ASEAN) in Brasilia.
The Thai Ministry of Commerce on May 17 said three State agencies of this country are speeding up issuance of related regulations to submit the ratification of the Regional Comprehensive Economic Partnership (RCEP) to the ASEAN Secretariat in October.
Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) and deposited its ratification instrument on April 9, becoming the first participating country to complete the ratification process for the deal.
Challenges remain ahead in 2021, but Vietnam will overcome all with solidarity between the political system, businesses, and the people, Politburo member, head of the Party Central Committee’s Economic Commission, and Minister of Industry and Trade (MoIT) Tran Tuan Anh has said.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.
Vietnam has managed to maintain its development orientations, while enjoying economic benefits from foreign partners such as the US and European Union (EU) member countries, according to Dinna Prapto Raharja from Binus University of Indonesia.
Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International Trade Association.
The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more export markets for Vietnamese agricultural products, according to insiders.
Vietnam’s current leaders, including those to be elected by the 13th National Party Congress, want the country to play a greater role internationally and to step up proactive international integration, said Carlyle A. Thayer, an Emeritus Professor of Politics at the University of New South Wales in Australia.
The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said.
International economic integration was a bright spot in Vietnam’s external affairs activities in 2020, Deputy Minister of Foreign Affairs Bui Thanh Son has said.
The recently-signed Regional Comprehensive Economic Partnership (RCEP) presents both opportunities and challenges to Vietnamese businesses, making prompt action crucial to address existing weaknesses and capitalise on deal-generated advantages.
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
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