15 Asia-Pacific countries signed the "Regional Comprehensive Economic Partnership" (RCEP) this week. The participating countries have one-third of the world's population, economic scale, and total trade volume. This will reshape the global trade and industrial landscape, and bring What kind of investment opportunities? M squared will tell you in detail below. After eight years and 31 rounds of negotiations, the "Regional Comprehensive Economic Partnership" (RCEP) was finally signed on November 15.
When RCEP comes into effect, the economic scale will reach US$23 trillion, accounting for about 30% of global GDP. The world's largest trade photo background removing agreement has far-reaching implications for Asia and the world. M-square will analyze the content of RCEP and its impact on countries. 1. Origin and introduction of RCEP 1 Photo Credit: Finance M Squared The United States withdrew from the TPP in 2017, and the remaining participating countries signed the CPTPP on their own. "ASEAN +1" to RCEP: Re-evolution of Asian Integration ASEAN has successively signed four "ASEAN 10+1" free trade agreements with China, Japan, South Korea, New Zealand and Australia in the past. This approach has brought about different agreement rules and difficulties in economic integration.
In view of this, ASEAN countries want to further integrate regional trade for each agreement, and at the 19th ASEAN Summit in November 2011, the "ASEAN Framework for Regional Comprehensive Economic Partnership" was adopted. . The agreement intends to establish a free trade area including a total of 16 countries in the Asia-Pacific region in the future. Subsequently, ASEAN and six FTA partner countries launched the first round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) in May 2013. Therefore, RCEP is centered on ASEAN and integrates the four existing "ASEAN+1" FTAs (Note 1) to further unify intra-regional trade rules and eliminate tariff barriers. The 15 member countries of RCEP are the 10 ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, Singapore, Brunei, Cambodia, Laos, Myanmar, Vietnam), as well as China, Japan, South Korea, Australia and New Zealand. According to the official information of ASEAN, the number of c