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RCEP

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Indonesia Ratifies RCEP Trade Agreement

Indonesia, Southeast Asia’s largest economy, ratified its membership in the Regional Comprehensive Economic Partnership (RCEP) on August 30, 2022, and becomes the latest country in ASEAN to ratify this trade agreement.
Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

Thailand-Japan exports gain benefits from RCEP

There are around 6,000 Japanese companies that invest in Thailand, while the total value of Thai goods exported to Japan last year was recorded at 25 billion U.S. dollars, with at least 10% growth expected this year.
6d1b0c80 rcep piechart

How Will the RCEP Impact Thailand’s Economy?

The Thai government hopes that RCEP will contribute to the country’s economic recovery amid the pressures of COVID-19 and high inflation while helping the country become a more sophisticated trading partner in the longer term
Singapore to Reap Long-Term Benefits Under RCEP

Singapore to Reap Long-Term Benefits Under RCEP

Data from the World Bank estimates that the agreement would cover 30 percent of the world’s population, approximately 30 percent of global GDP (US$25.8 trillion), approximately US$ 12.7 trillion (25 percent) of global trade, and 31 percent of global foreign direct investment (FDI) inflows.
East Asia Forum

Hong Kong’s case for RCEP membership

At the moment, Hong Kong does not have bilateral trade agreements with Japan or South Korea. By joining RCEP, Hong Kong may be able to capitalise on significant new trade and investment opportunities with both these countries.
Vietnam’s Economy to Benefit Most from RCEP: World Bank

Vietnam’s Economy to Benefit Most from RCEP: World Bank

A recent report from the World Bank offers a thorough analysis of…
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The Impact of the RCEP on Singapore 2022 Inbound Investment Flows

The RCEP (Regional Comprehensive Economic Partnership) is a free trade area that includes China, all ten ASEAN nations, Japan, South Korea, Australia, and New Zealand. Collectively, this includes 30 percent of the world’s population and 30 percent of its GDP. The agreement came into effect on January 1, this year.
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Thai SMEs Exporting to RCEP Countries to receive special loans

Under the campaign, the Export-Import Bank of Thailand (EXIM Bank) has allocated 3 billion baht to issue loans to SMEs, micro SMEs and community enterprises. To be eligible, a business must be looking to export products to the RCEP market.