The Regional Comprehensive Economic Partnership (RCEP) is a great example of how regional cooperation can deliver huge economic benefits while boosting world economic recovery amid the pandemic, New Zealand experts have said.
Chris Lipscombe, international business strategist and the president of the New Zealand China Cross-border Electronic Commerce Foundation, welcomed the ratification of the RCEP agreement by China, New Zealand and other countries, noting it would boost the recovery of the Asia-Pacific and world economy amid Covid-19, reports Xinhua news agency.
“The RCEP is a great example of how regional cooperation can deliver huge economic benefits. I’m very excited to see this agreement come into force,” Lipscombe said.
RCEP, the world’s largest free trade agreement, was signed between 10 ASEAN member states, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and its FTA partners of…