KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) free trade agreement has entered into force in Malaysia from Friday, Malaysia's Ministry of International Trade and Industry said.
The Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis.
Trade and Industry Minister Gan Kim Yong proposed 3 key areas where Asean could work together to drive economic recovery.
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The value of Thai exports under free trade agreement (FTA) privileges last year rose by 31.40 per cent to US$76.312 billion, the highest privilege utilisation, the Foreign Trade Department said on Thursday.
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