- RCEP trade agreement and the future of multilateralism
RCEP has also demonstrated its potential to extend influence beyond the region, as countries like Chile and Sri Lanka apply to join This expansion reinforces RCEP's role as a stabilising force against rising protectionism and underscores the importance of intra-regional trade, which has grown significantly under the agreement
- What is RCEP, the world’s biggest trade deal? - The World Economic Forum
In RCEP, you joined it because you had to, because you are a member of ASEAN or you had an existing agreement with ASEAN The variety among the members in RCEP is also breathtaking On any dimension: population size, wealth, landlocked versus archipelago countries, services versus trading goods, imports versus exports, RCEP is really, really
- These are the world’s biggest trading blocs
RCEP entered into force in January 2022 and also includes China, Australia, Japan, Malaysia, New Zealand and Singapore The agreement covers 30% of both global GDP and population, and the SwissRe Institute projects that it will account for 35% of global GDP by 2030 as the economies of its member nations grow
- Davos 2025 Highlights | World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests
- Why ASEAN’s new Digital Economy Framework Agreement is a game-changer . . .
Yet history demonstrates ASEAN's capacity to rise to challenges – from launching the ASEAN Free Trade Area in the early 1990s to delivering the world's largest trade pact through the Regional Comprehensive Economic Partnership (RCEP)
- Deborah Elms | World Economic Forum
Deborah Elms, Founder and Executive Director of the Asian Trade Centre The Asian Trade Centre works with governments and companies to design better trade policies for the region Dr Elms sits on the International Technical Advisory Committee of the Global Trade Professionals Alliance and is Chair of the Working Group on Trade Policy and Law She is also a senior fellow in the Singapore
- Data Free Flow with Trust, now entering implementation phase
At the regional level, the Regional Comprehensive Economic Partnership (RCEP) is also part of this trend, while Japan, Singapore and Australia are jointly facilitating multilateral discussions on e-commerce at the WTO
- What you need to know about the ASEAN Economic Community
The situation is not without complexities and uncertainties Nevertheless, through the entry routes to different blocs, the AEC might eventually unleash significant unforeseen potential for the ASEAN countries – especially once the TPP and RCEP, with approximately 40% and 30% of global GDP respectively, come into force
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