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How RCEP will boost Asian integration in trade, supply chains and strategic ties

news How RCEP will boost Asian integration in trade, supply chains and strategic ties Aidan Yao Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua The recent signing of the Regional Comprehensive Economic Partnership (RCEP) between Asia-Pacific nations marks an encouraging reversal to the rising trend of trade protectionism and deglobalisation. The deal has created the world s largest trading bloc that accounts for roughly a third of the world s population, gross domestic product and trade volume, helping accelerate the regional economic integration in the Asia-Pacific region.

Biden needs to go all in on ASEAN

Biden needs to go all in on ASEAN Bart Edes, opinion contributor © Getty Images Biden needs to go all in on ASEAN As Joe Biden prepares to assume the presidency, foreign policy will be high on his agenda, including U.S. relations with Asia. In this context, boosting economic relations with the Association of Southeast Asian Nations (ASEAN) must be a priority. ASEAN comprises a diverse mix of ten Southeast Asian countries, including: the sprawling archipelagic nation of Indonesia; land-locked, mountainous Laos, and the high-tech financial center that is Singapore. Brunei, Cambodia, Malaysia, the Philippines, Thailand, and Vietnam round out the membership. ASEAN countries boast a population of 670 million - more than the European Union, the United Kingdom and Canada combined.

Biden s big headache as China rises

Biden s big headache as China rises
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