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.

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

A recent report from the World Bank offers a thorough analysis of…

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.

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.

What is RCEP, the world’s biggest trade deal?

RCEP – which has been over a decade in the making – will eliminate tariffs on 91% of goods as well as introduce rules on investment and intellectual property to promote free trade.

RCEP kicks in with Thailand, China and 8 other countries

With 15 Asia-Pacific countries covering about 30% of the world’s gross domestic product and population, the RCEP takes effect among 10 members that completed ratification: China, Japan, Australia, New Zealand, Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam

5th RCEP webinar series underlines integration SMEs into regional value chain

The discussions also highlighted the opportunity provided by the RCEP to facilitate the integration of SMEs into the regional value chain and the potential impact on narrowing the development gap.