Key trade pact will be signed at ASEAN summit

2020 ◽  
Keyword(s):  
Climate Change ◽  
Free Trade Agreement ◽  
Regional Cooperation ◽  
Trade Agreement ◽  
Content Type ◽  
Leisure Travel ◽  
Security Issues ◽  
Common Framework ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Talks will be held virtually because of restrictions associated with the COVID-19 pandemic. A key focus will be finalisation of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement (FTA) involving the ten ASEAN members and five of the bloc’s dialogue partners. Impacts Discussion at the summits about non-traditional security issues such as climate change are unlikely to result in substantive outcomes. Countries deemed to be at low risk from COVID-19 may push for a common framework to reboot business and leisure travel. Formal launch of a COVID-19 ASEAN Response Fund, announced at June’s ASEAN summit, may spur greater regional cooperation over the pandemic.

ASEAN-EU free trade pact will take time to materialise

2020 ◽  
Keyword(s):  
Climate Change ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Air Transport ◽  
Content Type ◽  
Security Issues ◽  
Two Sides ◽  
The Eu

Significance The two sides have long been dialogue partners. They are widely expected to step up negotiations over an inter-regional free trade agreement (FTA). Impacts ASEAN and the EU will collaborate more over COVID-19 recovery efforts, including development and supply of vaccines. The two sides will expedite talks on an air transport agreement to boost connectivity. Non-traditional security issues such as climate change will be key areas of focus in bilateral consultations.

Washington is unlikely to join key Pacific trade pact

2020 ◽  
Keyword(s):  
United States ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Asia Pacific ◽  
Rules Of Origin ◽  
Content Type ◽  
The United Kingdom ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Beijing’s announcement came shortly after it and 14 other Asia-Pacific countries signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA). Some US partners want Washington to join the CPTPP. Impacts As the largest economy in RCEP, China will have greater leverage in defining trade standards in the region. RCEP’s standardised rules of origin will enable its members to strengthen supply chains within the bloc. The United States remaining outside the CPTPP could diminish the pact’s appeal to the United Kingdom, which wants to become a member.

ASEAN and partners are far from sealing key trade pact

2019 ◽  
Keyword(s):  
Social Media ◽  
South China Sea ◽  
Free Trade Agreement ◽  
East Asian ◽  
Code Of Conduct ◽  
Trade Agreement ◽  
The South ◽  
Content Type ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Most of ASEAN’s dialogue partners will be present at the talks in Bangkok. High on the agenda will be attempts to conclude negotiations over the Regional Comprehensive Economic Partnership (RCEP), a projected free trade agreement (FTA) involving the ten ASEAN members and six dialogue partners with which the South-east Asian regional bloc has existing FTAs. Impacts ASEAN and China may announce progress on talks over a second draft of the South China Sea Code of Conduct, although this remains distant. Malaysia could renew calls for ASEAN to pressure Myanmar over the Rohingya crisis, testing the regional bloc’s unity. ASEAN members will likely adopt guidelines for cooperating on regulation of the digital economy and social media.

Prospects for South-east Asia in 2021

2020 ◽  
Keyword(s):  
East Asia ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
South East Asia ◽  
Content Type ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance All are aiming to revive economies badly hit by the pandemic’s fallout. The ten ASEAN states and five of the bloc’s dialogue partners recently signed a Regional Comprehensive Economic Partnership (RCEP), a free trade agreement (FTA) that will progressively lower tariffs.

scholarly journals Analisis Kerjasama Australia-ASEAN dalam Bidang Ekonomi

2020 ◽  
Vol 2 (2) ◽  
pp. 180
Author(s):  
Vaya Nabila Safitri
Keyword(s):  
Free Trade Agreement ◽  
Main Idea ◽  
Trade Agreement ◽  
Development Cooperation ◽  
Economic Prosperity ◽  
Cooperation Agreement ◽  
Library Research ◽  
Library Studies ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Research conducted to find out what was done by Australia-ASEAN in the economic field. The method used by researchers is deductive, in which the paragraphs are collected in general or the main idea of the paragraphs and then conclusions are drawn specifically. The type of research conducted is qualitative research in which collects data used by researchers, namely Library Studies (Library Research). Based on the results and discussion of ASEAN is an important part of economic prosperity in Australia. As a regional organization in the Southeast Asian region, ASEAN is currently the largest trading partner with Australia. Cooperation between Australia and ASEAN includes the Regional Comprehensive Economic Partnership (RCEP), the ASEAN-Australia Development Cooperation Program (AADCP), the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). Australia has welcomed the cooperation agreement. This cooperation agreement is important for trade in our region which will drive export opportunities for Australian businesses and facilitate more local employment.

Japanese leadership will revive TPP

2017 ◽  
Keyword(s):  
Trade Agreement ◽  
Donald Trump ◽  
Content Type ◽  
Us Economy ◽  
Global Standards ◽  
The Us ◽  
Speed Up ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
Regional Comprehensive Economic Partnership

Subject The revival of the Trans-Pacific Partnership. Significance US President Donald Trump in January announced Washington's withdrawal from the Trans-Pacific Partnership trade agreement (TPP), bringing its implementation to a standstill. Without US participation, the TPP looked dead, since the US economy is larger than the other eleven economies combined. Nevertheless, after months of uncertainty, the project was revived by the eleven members under the leadership of Japan. Impacts Failure or watering down of a TPP-11 would leave China a greater role in setting global standards and norms. Progress towards the TPP-11 could speed up the Regional Comprehensive Economic Partnership and EU-Japan economic partnership agreement. Other states will seek TPP membership in the future, with Taipei and Seoul likely candidates.

Benefits of key Asia-Pacific trade pact will be uneven

2021 ◽  
Keyword(s):  
Climate Change ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Asia Pacific ◽  
Economic Recovery ◽  
South East Asia ◽  
Short Term ◽  
Content Type ◽  
Open Markets ◽  
Trade Measures

Significance RCEP, which involves the ten ASEAN states and five of the bloc’s Asia-Pacific partners, will be the world’s largest free trade agreement (FTA), covering more than half its exports and almost one-third of its GDP. Impacts RCEP should help drive economic recovery in South-east Asia in the short term as the region tries to manage a COVID-19 resurgence. Western states will benefit from RCEP commitments to maintaining open markets and supporting the global trading regime. A failure by members to formulate a unified response to climate change could lead to punitive trade measures from external players.

BRICS trade strategies might be headed for a shift

2015 ◽  
Keyword(s):  
Free Trade Agreement ◽  
Trade Agreement ◽  
Commercial Policy ◽  
Trading System ◽  
Content Type ◽  
Brics Countries ◽  
Multilateral Trading System ◽  
Near Term ◽  
Economic Partnership ◽  
Positive Force

Subject Prospects for a change the BRICS' trade strategies. Significance At their leaders' summit in Ufa, Russia on July 8-9 and at the trade ministers' meeting in Moscow on July 13, BRICS countries emphasised the need to enhance intra-group economic cooperation, especially trade policy. The meetings also saw a shift in BRICS statements on protectionism, consistent with data that show how other developing countries are harming the BRICS' commercial interests the most. These developments raise questions over the BRICS' commercial policy strategy and whether it is likely to change, at a time when many countries are negotiating regional trade agreements and hopes are high for the completion of the Trans-Pacific Partnership (TPP). Impacts A free trade agreement between the BRICS is unlikely in the near term. The 'Strategy for BRICS Economic Partnership' includes no timetable of next steps, either in general or in commercial policy terms. Claims that the BRICS are a positive force in the multilateral trading system will be harder to sustain.

India-UK relations will strengthen markedly

2020 ◽  
Keyword(s):  
Climate Change ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Vaccine Development ◽  
Trade Agreement ◽  
Strategic Partnership ◽  
Content Type ◽  
Science Technology ◽  
Indian Students

Significance Delhi and London have a strategic partnership, but relations have for many years been lukewarm. Each side has talked up the prospect of a bilateral free trade agreement (FTA). Impacts India-UK trade will grow, even without an FTA. The number of Indian students at UK universities will increase. COVID-19 vaccine development, along with science, technology and climate change, will be key areas of focus in bilateral consultations.

scholarly journals Cơ hội, thách thức từ cam kết cắt giảm thuế quan trong hiệp định đối tác kinh tế toàn diện khu vực (RCEP) đối với hoạt động kinh doanh một số sản phẩm của Tập đoàn Dầu khí Việt Nam

2021 ◽  
Vol 2 ◽  
pp. 33-40
Author(s):  
Nghiem Thi Ngoan ◽  
Pham Ba Nam ◽  
Nguyen Thi Ngoc ◽  
To Minh Hieu ◽  
Dao Minh Phuong
Keyword(s):  
New Zealand ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Viet Nam ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Hiệp định đối tác kinh tế toàn diện khu vực (Regional Comprehensive Economic Partnership - RCEP) được ký kết ngày 15/11/2020, sau 8 năm đàm phán, là Hiệp định thương mại tự do (Free Trade Agreement - FTA) lớn nhất thế giới với sự tham gia của 10 nước thành viên ASEAN và 5 quốc gia gồm: Australia, Trung Quốc, Nhật Bản, Hàn Quốc và New Zealand. Đến cuối lộ trình, giai đoạn năm 2035 - 2040, Việt Nam sẽ xóa bỏ thuế quan với khoảng 85,6 - 89,6% số dòng thuế với các nước đối tác và các nước đối tác xóa bỏ thuế quan cho Việt Nam trong khoảng 90,7 - 92% số dòng thuế. Bài báo so sánh thuế nhập khẩu của Việt Nam và thuế nhập khẩu của các nước (trong RCEP) từ Việt Nam và so sánh với biểu thuế của các FTA mà Việt Nam đã tham gia trực tiếp hoặc thông qua ASEAN đối với các sản phẩm chính của Tập đoàn Dầu khí Việt Nam (PVN) và các đơn vị thành viên gồm: xăng dầu, LPG, polypropylene (PP), urea, NPK, xơ, sợi. Từ đó, nhận diện cơ hội và thách thức trong hoạt động kinh doanh các sản phẩm này khi tham gia vào Hiệp định RCEP.

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