A New Trade Engine to Revive Economies
The scope of RCEP is not as wide-ranging as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the regional free trade deal that went before it, especially on topics like labour and the environment.
RCEP Can Help Real Income from Trade of Vietnam, Malaysia, Thailand Have Great Frog
The biggest direct advantage for economies joining RCEP is the tariff concessions. Under the agreement, tariffs on more than 90% of the goods will be eliminated, although this will happen in stages, with an implementation period of 20 years.
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