Monday, December 21, 2020
This is the second alert in a four-part series on the Regional Comprehensive Economic Partnership (RCEP). You can read the first alert here.
The RCEP is the world’s largest free trade agreement (FTA) involving ASEAN (the Association of Southeast Asian Nations, comprising Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam), Australia, New Zealand, China, Japan, and the Republic of Korea (ROK). The agreement was signed in November 2020 and is expected to enter into force in 2021.
The RCEP holds significant promise for certain gains in trade, as it brings together 15 of the most active trading economies in the Asia-Pacific region. In this alert, K&L Gates will examine how businesses can look forward to more seamless trade flows and integrated value chains under the RCEP and think about positioning themselves to take advantage of the potential benefits that will flow from this new FTA.