A Brief Summary of Regional Comprehensive Economic Partnership (RCEP)

RCEP

 "RCEP that will provide a basis for broader regional integration and help address concerns about the ‘noodle bowl’ effect of overlapping bilateral and regional agreements (ASEAN, 2016)."

Brief Summary: 

  ASEAN has been negotiated the Regional Comprehensive Economic Partnership (RCEP) as coherent approach towards economic integration with Free Trade Area (FTA) partners. Which is Japan, South Korea, China, Australia, India and New Zealand. 

  The RCEP was established in Phnom Penh, Cambodia in 2012. When leaders from the ten ASEAN member states and its FTA partners negotiated East Asia Summit (EAS).

 Furthermore, the concept of RCEP was economic dynamism, to achieve a modern, comprehensive. 

  Trade in goods and services, Investment, Economic and technical cooperation, Intellectual property, Competition, Dispute settlement, E-commerce, small and medium enterprises (SME)  other issues (SDGs).

Coverage Areas:

The RCEP negotiation coverage areas includes (ASEAN, 2016): 

  Trade in goods and services, Investment, Economic and technical cooperation, Intellectual property, Competition, Dispute settlement, E-commerce, small and medium enterprises (SME) 

  other issues (SDGs), Transnational crime, climate change and etc. 

Reference:

ASEAN. (2016, October 3). Regional Comprehensive Economic Partnership (RCEP). Retrieved 26 July, 2020, fro
m ASEAN: https://asean.org/? static_post=rcep-regional-comprehensive-economic-partnership