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Regional Comprehensive Economic Partnership (RCEP)

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China trade
US-China relations
US-China trade war
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.
Leaders join hands before the Asean-GCC-China Summit in Kuala Lumpur, Malaysia, on May 27. Photo: EPA-EFE
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A train is pictured during a trial run along the newly-constructed Belt and Road Initiative rail line via the China-built Padma Bridge in Dhaka, Bangladesh, on September 7, 2023. Photo: Xinhua
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US-ally trade wars

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Malaysia’s Defence Minister Mohamed Khaled Nordin receives an Asean emblem at the handover of Asean chairmanship in Laos on November 21. Photo: AP
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Consul General Muzambli Markam has said Malaysian businesses considered Hong Kong to be the “key gateway” to entering the mainland Chinese market. Photo: Edmond So
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Hong Kong to do ‘everything’ possible to bolster ties with Asean, John Lee says

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Hong Kong must push for firmer business ties with Asean or ‘wither on the vine’

Adviser to city leader and former minister Frederick Ma also says John Lee’s recent Asean trip important in helping city to join RCEP trade pact.

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People wave the Chinese national and Hong Kong special administrative region flags during an event celebrating the 27th anniversary of Hong Kong’s return to Chinese rule on July 1. Photo: Bloomberg
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Hong Kong’s bid to join RCEP trade bloc receives warm response: chief executive

A majority of the members of the Regional Comprehensive Economic Partnership are enthusiastic about Hong Kong’s application, John Lee said at a conference on Wednesday.

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Japanese Prime Minister Fumio Kishida, South Korean President Yoon Suk-yeol and Chinese Premier Li Qiang attend a business summit at the Korea Chamber of Commerce and Industry on May 27 in Seoul, South Korea. Photo: Reuters
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The Lane Xang electric multiple unit train passes by the China-Laos borderline inside a tunnel in October 2021. Photo: Xinhua
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Hong Kong economy

Opinion | Hong Kong’s RCEP membership can add value to the region

Hong Kong is already a significant trade and investment partner to members of RCEP, the world’s largest trade bloc. After the city’s membership is approved, it can help to harmonise trade rules, stimulate intra-bloc capital flows and foster connections and partnerships.

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Hong Kong economy

Beijing lobbying for Hong Kong to join world’s biggest free-trade pact this year

Hong Kong applied to join Regional Comprehensive Economic Partnership two years ago, with bloc representing nearly one-third of world’s population.

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The Regional Comprehensive Economic Partnership represents about 30 per cent of the world’s gross domestic product. Photo: Xinhua
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Vehicles at a yard near Tianjin port in China on June 30. China rolled out a number of measures to open up its free-trade zones as state leaders go on a charm offensive to woo foreign investors. Photo: Bloomberg
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