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APAC Regional Comprehensive Economic Partnership Agreement (RCEP) and COVID-19 Recovery

Trade Report: APAC Regional Comprehensive Economic Partnership Agreement (RCEP) and COVID-19 Recovery

When compared to other transnational free trade agreements, the Regional Comprehensive Economic Partnership Agreement (RCEP), which was signed in November of 2020 and is expected to be implemented sometime in 2021, is unrivalled in its complexity and remarkably lays the framework for a pan-Asian basic standard for trade that surpasses the terms provided by the World Trade Organization (WTO).

The formation of the RCEP trade bloc is indisputably a defining moment for international trade – a new, highly welcome development that could redirect foreign direct investment flows in the months and years ahead. At Tricor, we are highly cognizant of gauging how this trade deal will potentially divert trade flows and trigger new business trends. What starts as a large-scale, high level agreement between governments across APAC will likely soon trickle down to impact the daily decisions multinational corporations and SMEs make in how they operate, expand and invest, across domestic, APAC and international markets.

In this report, insights and analysis have been compiled by Tricor Group to inform companies on how the landmark signing of the RCEP and continued COVID-19 disruptions are impacting the APAC trade and investment landscape and how to prepare to deliver business growth in 2021.

What’s in this report?

The 2021 Asia Pacific Trade Report includes:

  • Economic Significance of the RCEP
    • Key Benefits & Limitations
    • A Remarkable, Transformative Response to Protectionism
    • Expansion of Pan-Asian Trade Networks & Supply Chains
    • Potential to Trigger a Renewed Trade Relationship with the U.S.
    • A Boon for SMEs
    • Comparing RCEP to CPTPP
    • Trade Deals in Force Among Original RCEP Countries
  • Provisions of the RCEP
    • Common Rules of Origin: Only One Certificate is Needed
    • Trade of Goods: Reducing Tariffs
    • Trade of Goods: Simplifying Customs Procedures
    • Trade of Services: Opening to Foreign Investors
    • Investment: Easing the Requirements
    • Intellectual Property: Raising the Standards
    • E-commerce: Syncing & Providing Greater Access
    • Government Procurement: Raising Transparency
  • Seizing Opportunities & Overcoming Challenges in the RCEP Zone
  • How Companies Can Prepare for the RCEP & How Tricor Can Help
  • Further Reading: Doing Business Australia, China, Japan, South Korea, ASEAN, Malaysia, Singapore, Thailand, Vietnam

Leverage Tricor's expert insights to further your organization's business objectives and prepare to capitalize on the RCEP and the business growth opportunities it presents.

APAC Regional Comprehensive Economic Partnership Agreement (RCEP) and COVID-19 Recovery Ipad Image

2021 Asia Pacific Trade Report