Regional Comprehensive Economic Partnership
Southeast Asian leaders met for a second day in Thailand on Sunday, hoping for a breakthrough in talks over the world's largest trade deal to help throw off the torpor which has gripped the global economy since the United States (US)-China tariff war began.The 10-member Association of Southeast Asian Nations (ASEAN) opened its annual summit in Bangkok on Saturday hoping to secure a China-backed free trade pact at the three-day event, which knits together half the world's population
Southeast Asian leaders will race to get a sprawling China-backed trade pact over the line at a regional meeting in Thailand this weekend, as Beijing's bruising trade war with Washington rumbles on.If signed, the Regional Comprehensive Economic Partnership (RCEP) will be the world's largest trade pact and is seen as a way for Beijing to cement trade ties in Asia as Washington retreats from the region.Leaders are hoping for a breakthrough in RCEP talks at this weekend's meeting
Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand's prime minister said Friday, with further talks expected at a Bangkok summit on the world's biggest commercial deal.Beijing is seeking to shape the rules of free trade across the Asia-Pacific, as America retreats from multilateral deals under United States (US) President Donald Trump.The China-crafted Regional Comprehensive Economic Partnership (RCEP) includes all 10 economie
The Regional Comprehensive Economic Partnership (RCEP) is said to be one of the biggest trade deals in the world. Spearheaded by ASEAN, it will encompass 25 percent of global gross domestic product (GDP), 45 percent of the total population, 30 percent of global income and 30 percent global trade.
World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the United States (US) at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.China, Japan, India and other Asia-Pacific countries could announce a broad agreement on the Regional Comprehensive Economic Partnership (RCEP), which covers half the world's population, on the sidelines of the annual gathering.Not only is the US absen
