Insight - RCEP: Breakthrough for Malaysia’s external trade

2019 gdp

AT the 4th Regional Comprehensive Economic Partnership Summit on Nov 15,2020, the emergence of the world’s largest trade agreement has become the most significant trade policy development.

After almost eight years of negotiation, 15 countries including the 10 Asean members, and five of its dialogue partners (China, Japan, South Korea, New Zealand and Australia), have signed the Regional Comprehensive Economic Partnership (RCEP) agreement.