Several things you need to know about the #RCEP:
1. WHAT IS THE RCEP: the Regional Comprehensive Economic Partnership is a mega trade pact proposed by #ASEAN to boost trade among its member states and with its free trade agreement (FTA) partners.
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It includes the 10 ASEAN members, and the bloc's five FTA partners of
#Australia,#China,#Japan,#New Zealand, and Republic of Korea.2 replies 4 retweets 9 likesShow this thread -
2. HOW "BIG" IS IT? The 15 participating countries of the RCEP account for around 30 percent of the
#global population, global gross domestic product and 28 percent of#global trade.2 replies 5 retweets 8 likesShow this thread -
3. HOW IMPORTANT IS IT? --"The signing of the RCEP is not only a landmark achievement of East Asian regional cooperation, but also a victory of multilateralism and free trade." said
#Chinese Premier Li Keqiang .2 replies 4 retweets 10 likesShow this thread -
--The RCEP is "a hugely symbolically significant agreement, coming at a time of global trade uncertainty." said
#Australian Minister for Trade, Tourism and Investment Simon Birmingham.2 replies 4 retweets 8 likesShow this thread -
-- “The signing of the RCEP agreement will be a testament to the world on the efforts to strengthen the multilateral trading system and uphold the development agenda in the World Trade Organization.”said
#Malaysian Minister of International Trade and Industry Mohamed Azmin Ali.3 replies 6 retweets 12 likesShow this thread
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