What is RCEP

Issued on 16 Nov 20


Fifteen Asia-Pacific countries has formed a free trade agreement called "RCEP" and signed on 15 Nov 20. "RCEP" full name is "Regional Comprehensive Economic Partnership Agreement", which is a free trade agreement in the Asia-Pacific region led by China.


RCEP was first proposed in 2011, negotiations completed at the end of last year

A video meeting will be held on November 15, 2020, officially signed.





Member of countries:

China, Japan, South Korea, Australia, New Zealand, plus 10 ASEAN countries, including Vietnam, Laos, Cambodia, Myanmar, Thailand, Singapore, Malaysia, Brunei, Indonesia, and the Philippines.





# 15 countries account for 30% of the global GDP

PGA's writer opinion sharing...Which business categories have an opportunity of each individual country. For example, what do you think or agree that textiles Goods to be benefited in China export Japan trade lane.

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# RCEP the largest free trade agreement in the world

# India was also part of the negotiations, but it pulled out last year over concerns that lower tariffs could hurt local producers.


Content:

1) RCEP countries plan to reduce their tariffs by 90% within 20 years after the agreement takes effect.

2) Countries will also set up common rules in areas such as e-commerce, trade and intellectual property.


== Chinese version ==

15个亚太区国家组成“ RCEP”的自由贸易协定并于20年11月15日签署。

"RCEP" Regional Comprehensive Economic Partnership是甚麼?,全稱《區域全面經濟夥伴關係協定》這是中國牽頭的亞太地區自由貿易協議.


RCEP最早於2011年提出, 去年底完成談判, 2020年11月15日以視像方式舉行會議正式簽署


成員國: 中國,日本、南韓、澳洲、新西蘭,再加上東盟10國,包括越南、老撾、柬埔寨、緬甸、泰國、新加坡、馬來西亞、汶萊,印尼,以及菲律賓。

# 15國GDP佔全球30%

PGA's 笔者观点分享 ... 对个別国家哪一个行业是机遇? 例如,您如何看或同意纺织品是不是受益在中国对日本出口.

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# RCEP會是世界最大規模的自由貿易協議

# 印度原本一直有參與RCEP談判,但去年因為擔心其他國家貨品湧入擠壓本國商品,決定不加入RCEP.


內容方面:

1) RCEP國家計劃在協議生效20年內將彼此之間關稅降低90%,

2) 各國亦會就電子商務,貿易和知識產權等範疇設立共同規則。

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