ISDS Case Map
RCEP
The ASEAN Secretariat said that the preliminary work to allow more countries to join the world's largest trade deal RCEP was underway, with the procedures for the accession to possibly be ready by next year.
At a summit on the deal (RCEP) in Indonesia, a review of its implementation is expected to be conducted, with member states agreeing on new measures to intensify intra-deal trade and investment flows.
The go-ahead is awaited from the prime minister's office for Bangladesh's accession to an emerging economic bloc encompassing the Asia-Pacific region that represents a third of world GDP.
Sri Lanka will join the Regional Comprehensive Economic Partnership Agreement (RCEP) and enter Free Trade Agreements (FTA) with Association of Southeast Asian Nations (ASEAN) countries after debt restructuring is complete.
Original negotiating member India is still unlikely to return to the world's largest trade deal Regional Comprehensive Economic Partnership (RCEP) as it fears it still cannot compete with an influx of Chinese imports, according to a former World Bank executive.
India’s eastern neighbour Bangladesh is exploring to join Regional Comprehensive Economic Partnership (RCEP) , eyeing to be part of the trade bloc in the Indo-Pacific region.
Sri Lanka has launched a fact-finding mission to explore avenues for an early entry into the Regional Comprehensive Economic Partnership free trade agreement, a statement from the foreign ministry said .
Mr David Ofosu-Dorte, Senior Partner, AB and David Africa, has urged African public sector players not to be too excited yet about the African Continental Free Trade Area’s (AfCFTA) progress.
Sri Lanka and Bangladesh plan to hold an introductory meeting virtually on 29th of this month to commence negotiations for the proposed preferential trade agreement (PTA), which is expected to eventually lead to a free trade agreement (FTA).
The RCEP will likely take effect for the Philippines around June, a Trade official said. This as the Department of Trade and Industry (DTI) aims to deposit the instrument of ratification for the Philippines’ participation in the mega-trade deal by April 3.
