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Regional Comprehensive Economic Partnership (RCEP)

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Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement (FTA) involving the 10 member states of the Association of Southeast Asian Nations (Asean) bloc and five of their FTA partners. The RCEP will eliminate as much as 90 per cent of the tariffs on imports between its signatories within 20 years of coming into effect. Fifteen Asia-Pacific nations signed the agreement on November 15, 2020.
Cheng Li-wun, chairwoman of the Kuomintang, Taiwan’s biggest opposition party, says “Taiwan can shake hands without sacrificing anything”. Photo: Reuters
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Takeaways from Cheng Li-wun’s press conference about meeting with Xi Jinping

KMT chairwoman says that with talks in Beijing, her party has taken the first step to defuse tensions across the Taiwan Strait.

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Asean foreign ministers pose for a group photo during a meeting ahead of the Asean Summit in Kuala Lumpur on October 25. Photo: EPA
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Opinion | How Asean quietly became China’s buffer against US tariffs

China and Asean now have a lawful way to cushion tariffs by shifting where value is added, how it is recorded and which standards to meet.

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China trade

China pushes for trilateral trade pact with Japan, South Korea amid US tension

Divergent interests, new governments and Washington’s influence complicate Beijing’s efforts to forge deeper economic ties with Japan and South Korea.

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United States

Outside In | Trump’s unilateralism in Asia makes ‘world minus one’ clear

While the US president’s trip to the region coincided with multilateral summits, he was clearly more interested in bilateral deals.

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US President Donald Trump looks on as people wave Malaysian national flags before he departs on Air Force One from Kuala Lumpur International Airport on October 27. Photo: AFP
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The East Asia Summit in Kuala Lumpur highlighted the challenging position Southeast Asian nations find themselves in as superpower rivalry intensifies.

China-Asean relations

China tightens Asean ties as Trump divides group

Southeast Asian countries broadened Asean-level cooperation with China, while separately trying to contend with US President Donald Trump’s trade war.

Photo: AP Photo
Asean

Asean summit: world’s No 1 trade bloc holds ‘pivotal’ meeting in face of tariffs

The ‘strategic importance’ of the Regional Comprehensive Economic Partnership is ‘clearer than ever’, Malaysian PM Anwar Ibrahim says.

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Participants attend the 20th East Asia Summit in Kuala Lumpur on Monday. Photo: AP
Asean

5 things to look out for as Trump jets in for Asean summit

Asean leaders will seek to extract trade and security commitments from Trump, whose unpredictable presence could liven up proceedings.

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Opinion | How joining the RCEP will boost Hong Kong’s role as a superconnector

From supply chain alignment to financial services, the city’s membership would undoubtedly add value to its long-standing economic partners.

Asean

Asean urged to embrace RCEP as US tariffs bite

RCEP – the world’s largest trade pact – could become a significant economic buffer for its members against the tariff fallout, experts say.

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An Association of Southeast Asian Nations logo is displayed ahead of Asean Foreign Ministers Meeting in Langkawi Island, Malaysia, in January. Photo: EPA-EFE
Malaysia

Malaysia to host Asia’s trade bloc RCEP in October

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Malaysia’s Prime Minister Anwar Ibrahim delivers a speech at the Asean Secretariat in Jakarta on July 29. Photo: AFP
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Readers discuss the future of retail, the city’s red taxis, and how to respond to Trump’s disruption.

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Asean

Opinion | As trade deals show, the US now seeks rent from Asean, not partnership

If Washington keeps treating Asean as a cash register, it will accelerate what it fears: a pivot towards China.

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An Indonesian security employee looks at containers being loaded onto transport trucks at the Jakarta International Container Terminal at Tanjung Priok Port in Jakarta, Indonesia, on July 9. Photo: EPA / Bagus Indahono
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Asean

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The partnership offers a chance to reduce US reliance through new supply chains, trade agreements and regional production in critical sectors.

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Hong Kong economy

Opinion | How Hong Kong can reassert its global edge in an uncertain world

The city’s vibrancy, uniqueness, connectivity and agility make it all the more relevant in a fast-evolving global economy.

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US-China relations

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The choice of the Swiss city of Geneva for US-China negotiations was telling, and the breakthroughs achieved are only the start of a long process.

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US Secretary of the Treasury Scott Bessent speaks to Chinese Vice-Premier He Lifeng in Geneva, Switzerland, on May 10. Photo: Handout via Reuters
Diplomacy

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China economy

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Opinion | In a broken world, China-Japan-Korea cooperation is Asia’s backbone

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From the left, South Korean Foreign Minister Cho Tae-yul, Japanese Prime Minister Shigeru Ishiba, Chinese Foreign Minister Wang Yi and Japanese Foreign Minister Takeshi Iwaya join hands at the prime minister’s office in Tokyo on March 21. Photo: Kyodo
US-ally trade wars

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With the US no longer a reliable trade and security partner, regional nations must reduce tensions with China and look to each other on defence.

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US President Donald Trump speaks during his meeting with Nato Secretary General Mark Rutte in the Oval Office of the White House in Washington on March 13. Photo: TNS
Asean

Opinion | Why Southeast Asia will shine on as an investment bright spot

A decade since setting up the Asean Economic Community, the region has made progress in integration and drawing FDI but challenges remain.

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China trade

Opinion | After Britain, will China be next to join CPTPP free trade pact?

While Trump’s unilateral ways might make it easier for Beijing to rally support, the path to its accession remains littered with obstacles.

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