GENEVA, Nov. 16 (Xinhua) -- The United Nations Conference on Trade and Development (UNCTAD) believes that the Regional Comprehensive Economic Partnership (RCEP) agreement signed among its 15 participating countries could give a significant boost to foreign direct investment in the region.
While the investment provisions in the agreement "mostly consolidate existing market access as contained in myriad bilateral agreements", the provisions related to market access and disciplines in trade, services and e-commerce "are highly relevant for regional value chains and market-seeking investment," the Geneva-based UN trade and development body said in its special issue of Investment Trends Monitor released late Sunday.
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