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Regional Comprehensive Economic Partnership (RCEP)

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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.
last updated:
9 September, 2024
Malaysia’s Defence Minister Mohamed Khaled Nordin receives an Asean emblem at the handover of Asean chairmanship in Laos on November 21. Photo: AP
Asean

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Hong Kong economy

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Commerce chief Algernon Yau also meets his Thai, Indonesian counterparts to explore partnership.

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Consul General Muzambli Markam also says Greater Bay Area’s growing integration is an ‘attractive pull factor’ for Malaysian investors.

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Hong Kong economy

Hong Kong to do ‘everything’ possible to bolster ties with Asean, John Lee says

City leader also discusses plans to join world’s largest free-trade pact at Hong Kong-Asean Summit organised by South China Morning Post.

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City leader John Lee speaks at the Hong Kong-Asean Summit. Photo: Eugene Lee
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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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Banking & finance

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.

Hong Kong’s Chief Executive, John Lee, speaks at the CGCC World Chinese Entrepreneurs Summit 2024 in Hong Kong on July 10, 2024. Photo: Handout
Japan

Talks on China-Japan-South Korea FTA merely ‘symbolic’ given US opposition

Leaders of the three countries have pledged to “speed up negotiations” for a trilateral FTA after a delay of several years.

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Chinese Premier Li Qiang speaks at the eighth business summit among China, Japan and South Korea, in Seoul. Photo: Xinhua/Pang Xinglei
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History and economics are both challenges and the ties that bind for the three neighbours, which are all vital nodes in the semiconductor supply chain.

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The Chinese vision of building a shared future has developed into substantive action, giving a strong boost to global governance in various sectors.

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Illustration: Craig Stephens
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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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A view of the Hong Kong-Zhuhai-Macau bridge in 2020. At the Hong Kong-Asean Summit in 2023, Chief Executive John Lee pledged that the city would be a “value-adding gateway” connecting China to the rest of the world. Photo: Winson Wong
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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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Hong Kong economy

Hong Kong’s John Lee calls for closer ties with Malaysia

John Lee says at reception to mark anniversary of Malaysian chamber of commerce in Hong Kong there is ‘much to look forward to in the coming years’.

Chief Executive John Lee (in pink tie) celebrates the 10th anniversary of the Malaysian Chamber of Commerce in Hong Kong. Photo: Edmond So
China trade

China-US rift looms over Japan, South Korea as Beijing wants to restart trade

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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Diplomacy

Opinion | Amid US-China rivalry, Vietnam’s sweet spot diplomacy is a master class

By keeping all the major actors engaged and invested, while embedding itself in global supply chains, Vietnam is growing its regional importance and strengthening its strategic autonomy.

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Hong Kong economy

Letters | Who’s right about the economy – Moody’s or Hong Kong officials?

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Pedestrians pass a backdrop of the city skyline on a street in Hong Kong’s Central district on November 20. While the economic realities in Hong Kong are multifaceted, narratives about them have the power to shape economic outcomes. Photo: Bloomberg
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US-China relations

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Hong Kong economy

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China trade

China cautions against country ‘cliques’ – but is self-preservation at play?

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 continued efforts to join trade pacts as it also warns against the formations of national “cliques”. Photo: AFP
China-Australia relations

Exclusive | Canberra ‘will not oppose’ China’s CPTPP trade-pact bid

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Australian Prime Minister Anthony Albanese is keen on mending frayed trade ties with China when he visits next month. Photo: Bloomberg
South Korea

South Korea, UAE complete talks for bilateral trade deal

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Thailand

Asean doesn’t want to be ‘forced to choose sides’, says Thai deputy PM

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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