Rcep

Strong commitment At the 36th ASEAN Summit last week, Prime Minister Nguyen Xuan Phuc stated that the bloc committed to economic liberalisation and connectivity with the early inking of the RCEP. Minister of Industry and Trade Tran Tuan Anh reaffirmed that as ASEAN chair in 2020, Vietnam has been working closely with other member countries to maintain the bloc’s leadership and close co-operation with the five partners, to accelerate finalising RCEP talks and the legal review of the deal’s wording so that it may be inked in Hanoi in November, when the fourth RCEP Summit will take place. … [Read more...] about RCEP benefits on horizon for ASEAN

Speaking at the conference, Vietnamese Minister of Industry and Trade, Tran Tuan Anh appreciated efforts of negotiators for the RCEP agreement so far this year. Online meetings and in-depth discussions have been carried out on schedule, even during the COVID-19 pandemic. … [Read more...] about RCEP deal expected to be signed in late 2020

The Vietnamese side at the videoconference on the RCEP on June 23 - Photo: VNA Negotiations on the RCEP, which would lower tariffs and set rules on investment and intellectual property for an area covering a third of the global economy and half the world population, began in 2013, but members have continually failed to meet deadlines for the deal signing. … [Read more...] about Ministers of RCEP member countries begin videoconference

Seoul (VNA) – An expert of the Republic of Korea (RoK) has highlighted the role of the Regional Comprehensive Economic Partnership (RCEP) in dealing with protectionism, especially in his country. In a recent interview granted to Vietnam News Agency correspondents in Seoul, Dr. Lee Jaehyon, director of the Center for ASEAN and Oceania Studies at the Asan Institute for Policy Studies, said that as the Korean economy is so much dependent on trade, a regional multilateral free trade agreement is in principle good for Korea and its economy. “On top of that RCEP has long been on agenda of regional economic cooperation. It is better for Korea to conclude it sooner than later. A further delay might have reduced the momentum for the free trade agreement,” he said. According to the expert, as for the RoK, RCEP is supposed to be one of the achievements of the New Southern Policy since it could further remove the trade barrier between ASEAN … [Read more...] about RoK expert highlights RCEP’s role in dealing with protectionism

Kuala Lumpur (VNA) – The trade and economic relations between Vietnam and Malaysia will see positive changes after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed, said Professor Hoo Ke Ping, a Malaysian economic and political analyst. With its participation in the deal, Vietnam and Malaysia will have more opportunities to further strengthen economic, trade and investment cooperation in fields where they hold advantages support each other such as infrastructure, agriculture and food industry, he said. He cited that Malaysia boasts experience in developing infrastructure, especially expressways, the field that Vietnam has a large demand. Therefore, the two nations can cooperation in this sphere. Joining RCEP, both countries could also draw more foreign direct investment (FDI), he added.   In addition, capital and financial services are also potential cooperation areas, he said, noting that Malaysia and Cambodia have successfully cooperated in … [Read more...] about Vietnam-Malaysia relations to see positive changes after signing of RCEP