ISDS Case Map
RCEP
Having secured free trade agreements (FTAs) with almost all key trading partners, Australia is honing in on a long elusive but lucrative market — India. Tensions with China, the need to find new sources of economic growth and government policy to diversify trading partners are pushing Australia into India’s arms.
The Chinese government has officially ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, Minister of Commerce Wang Wentao said Monday.
China's plan to build a global rapid logistics circle for goods by 2035, which will likely boost China's trade with major economies in the EU and Asia.
The Japanese government adopted at a cabinet meeting Wednesday a plan to approve a deal to forge the Regional Comprehensive Economic Partnership, which was agreed on by Japan and 14 other nations in November last year.
The Regional Cooperation Economic Partnership (RCEP) is unlikely to bring immediate significant benefits for its developing member countries in terms of flow of goods and services or major infrastructure investments, analysts and economists said.
The parliament approved the ratification of the Regional Comprehensive Economic Partnership (RCEP) which was expected to take effect this year, said Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.
The RCEP will undoubtedly pave the way for China's new digital yuan expansion throughout Asia.
Australia’s efforts to end a diplomatic deep freeze with China may not be getting anywhere fast on the surface, but there are nonetheless some signs of a potential thaw.
The Commerce Ministry is scheduled to propose to parliament on Tuesday the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world's biggest free trade deal, signed by 15 nations in Asia-Pacific including Thailand last November.
If the latest flare ups over the contentious territorial issues and popular anti-China sentiments in the region are anything to go by, it seems likely that uncertainty over domestic ratification of the RCEP agreement by the signatory states would persist in the days ahead.
