Topic

Regional Comprehensive Economic Partnership (RCEP)i

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. 

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Big guns from mainland China have joined calls for the city to be admitted into the Regional Comprehensive Economic Partnership, a process that has been delayed for far too long.

  • Lee says at reception to mark anniversary of country’s chamber of commerce in Hong Kong there is ‘much to look forward to in the coming years’
  • Malaysian ambassador to China adds he hopes to see ties with Hong Kong ‘endure and grow’

China’s Foreign Minister Wang Yi called Japan and South Korea to restart negotiations on a trilateral free-trade agreement in November, amid pressure for them to diversify away.

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A Chinese official has warned against countries forming ‘small cliques’ – suggesting lingering concerns over being shut out of important value chains.

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China has been trying to gain entry into the Asia-Pacific trade pact for two years, and Australia says it will ‘consider China’s application on its merits’ as bilateral ties warm.

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Investment ties between the nations have been steadily advancing, and South Korea was one of the first countries with which the Gulf state launched talks about the Comprehensive Economic Partnership Agreement (CEPA).

In a keynote speech at the Post’s Hong Kong-Asean Summit 2023, Thailand’s deputy prime minister Parnpree Bahiddha-Nukara said unity among Asean members can help ‘preserve regional peace and stability’.

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National Development and Reform Commission pledges to support Yunnan with transport, logistics, energy and digital connection with southern neighbours.

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Chinese premier seeks to assure Southeast Asian leaders the region is still a priority for Beijing and pushes for more talks on ‘free trade area version 3.0’ while attending business summit.

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China’s appetite for durian has increased global demand by 400 per cent, according to HSBC, with the Regional Comprehensive Economic Partnership free-trade deal helping to accelerate trade.

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Prominent political economist Zheng Yongnian says China should do more to bring the Association of Southeast Asian Nations (Asean) within its economic gravity amid an intensifying US rivalry.

Chinese official addresses questions about trade deficit and export pricing by telling Indian counterpart ‘door always open’ to Beijing-led agreement.

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Lee tells business conference city must continue to cultivate its links with developed countries, but be on the alert for opportunities elsewhere.

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Asia Society report says US should acknowledge it is ‘one of many regional actors’ and reduce its ‘rules-based order’ rhetoric, which many Southeast Asians regard as hypocritical.

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During visit by Hong Kong leader John Lee, Malaysian Prime Minister Anwar Ibrahim says passport holders from city can stay in country visa-free for 90 days, up from 30.

Chief Executive John Lee heads to Singapore, Malaysia and Indonesia with a delegation of five top officials and 30 leaders from cross-section of industries.

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