THE largest trade agreement in the world, the Regional Comprehensive Economic Partnership (RCEP), may be crucial in fostering regional cooperation, but stronger collaboration is needed given the other concerns—supply chain clogs and inflation—that countries face in the region.
Minister of Industry and Trade Nguyen Hong Dien had a working session with Singaporean Minister for Manpower, and Second Minister for Trade and Industry Tan See Leng, on the occasion of President Nguyen Xuan Phuc’s State visit to Singapore from February 24 - 26.
Filipino exporters are encouraged anew to maximize free trade agreements (FTAs) between Asean member-countries and trading partners to enhance trade and investment opportunities.
In the second part of our series covering Singapore’s 2022 budget, we look at the incentives impacting businesses.
Cambodia ranked third in both real income gains and export growth among Regional Comprehensive Economic Partnership (RCEP) members, according to the World Bank (WB).
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest free-trade agreement, took effect on 1 January 2022. The RCEP brings together 10 ASEAN countries, Brunei Darussalam, Cambodia, Indonesia, the Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and five other regional economies, Australia, the People’s Republic of China, Japan, New Zealand and the Republic of Korea. It includes close to three billion people and accounts for about 30% of global GDP.
Trade between China and Japan will get a huge boost from the Regional Comprehensive Economic Partnership (RCEP) thanks to favorable terms in areas including tariffs, according to the Japan External Trade Organization (JETRO) Beijing.
Despite negative effects from the health crisis, leaders from Vietnam and Singapore have explored further solutions to beef up their strategic partnership during the state visit from the former, with a focus on trade and investment ties strongly increasing thanks to a connectivity initiative.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
