Eastern Regional Organization for Public Administration
  • Home
  • About
    • Our Story
    • Constitution
    • EROPA Centers
    • EROPA Secretariat >
      • Sec-Gen's Corner
    • EROPA Chairperson
  • Publications
    • Public Administration News
    • ARPA >
      • ARPA Editorial Board
      • ARPA Call for Papers
      • Publication Ethics and Malpractice Statement
      • Notes for Contributors
      • Abstracts >
        • 2019, Volume 30, Nos. 1-2
        • 2018, Volume 29, Nos. 1-2
        • 2017 Volume 28, Nos. 1 & 2
        • 2016 Volume 27, Nos. 1 & 2
        • 2015 Volume 26, Nos. 1 & 2
        • 2014 Volume 25, No. 2
        • 2014 Volume 25, No. 1
        • 2013 Volume 24, Nos. 1 & 2
        • 2012 Volume 23, Nos. 1 & 2
        • 2011 Volume 22, No. 2
    • EROPA Bulletin >
      • Call for Inputs
    • Resources >
      • EROPA Brochure & Forms
  • Membership
    • Members' Corner
    • Join EROPA >
      • Individual Membership Form
      • Group Membership Form
      • State Membership
    • State Members
  • Conferences
    • 2023 EROPA Conference
    • 2022 EROPA Conference
    • 2021 EROPA Conference
    • 2020 EROPA Conference
    • List of Past Conferences
    • Database for Past Conferences >
      • EROPA 2022 Conference
      • EROPA 2019 Conference
      • EROPA 2018 Conference
      • EROPA 2017 Conference
      • EROPA 2016 Conference
      • 2012-2015 Conferences
    • Carlos P. Ramos Award for Best Conference Paper
    • Asian Leadership Forum
    • Stories to Share
  • Activities
    • Latest Activities
    • EROPA ExP >
      • Find an Expert >
        • Peter Bergerson
        • Edna Estifania A. Co
        • Sofian Effendi
        • Akio Kamiko
        • Pan Suk Kim
        • Masao Kikuchi
        • Perla Legaspi
        • Lue Li
        • Akira Nakamura
        • Orlando Mercado
        • Jon Quah
        • Lisa Saye
        • Sombat Thamrongthanyawong
        • Prijono Tjiptoherijanto
        • Roger Wettenhall
        • Tao Zhang
        • Mohd Afzanizam Mohd Badrin
        • Wong Wai Lun, Vincent
      • JOIN ExP DATABASE
    • OYPA >
      • FAQs/Guidelines
      • OYP Nomination Form
  • #TAG Dialogue
    • About #TAG Dialogue
    • #GovInTheTimeOfCorona
  • Contact Us

PUBLIC ADMINISTRATION NEWS

15 Asia Pacific countries sign the world’s largest trade deal

15/12/2020

3 Comments

 
Fifteen Asia Pacific countries signed the Regional Comprehensive Economic Partnership (RCEP) during a virtual summit last 15 November 2020.

The biggest trade bloc estimated to be worth US$26.2 trillion or almost 30% of the world’s GDP was made between the 10 Association of Southeast Asian Nations (ASEAN) state members, East Asian economic giants China, Japan, and South Korea, and Oceania’s Australia and New Zealand. It is considered bigger than both the United States-Mexico-Canada Agreement and the European Union.

Initially, India was part of the talks but had to withdraw over lower tariffs that could hurt its local producers.
According to the ASEAN website, the deal is expected to “improve market access with tariffs and quotas eliminated in over 65% of goods traded and make business predictable with common rules of origin and transparent regulations.” RCEP would also encourage firms to invest more and generate jobs, providing the region its much-needed boost to recover from the economic slump brought by the COVID-19 pandemic.

RCEP began as a draft during the 2011 ASEAN Summit in Indonesia, while its formal negotiations were launched during the subsequent summit in Cambodia.

Amid the diplomatic rows between multiple RCEP countries, the free trade agreement pursues a common economic interest among the members that might help deescalate or ease tensions. However, critics have argued that the agreement is not as comprehensive as the ten-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes a more significant reduction in tariffs on imports and provisions in labor and environmental standards.
​
Despite its differences from the CPTPP, the ASEAN-led RCEP is projected to add $209 billion annually to world incomes and $500 billion to world trade by 2030, according to the Washington DC-based Brookings Institution. The pact brings Asia to the center stage of world trade in the face of the declining US influence in the economic sphere.
3 Comments
Raihan link
23/6/2022 23:01:58

thank you very much sis. the article is easy to understand and very useful<a href="https://jobfinder.co.id/">.</a><a href="https://hasilolahraga.com/">.</a>

Reply
Arcico Weldy S link
10/8/2022 22:44:11

Thanks for the information, please visit
<a href=https://ittelkom-sby.ac.id/>VisitUs</a>

Reply
Teknik Telekomunikasi link
16/11/2022 15:24:26

thanks for share
15 Asia Pacific countries sign the world’s largest trade deal!

Reply



Leave a Reply.

    Featured PA News

    This page is dedicated to featured news and trends from EROPA's contributions to the United Nations Public Administration Network, and updates on EROPA.

    Archives

    December 2020
    April 2020
    August 2019
    June 2019
    May 2019
    April 2019
    March 2019
    January 2019
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All
    Afghanistan
    Armenia
    Bangladesh
    China
    Egypt
    Fiji
    Hong Kong
    India
    Indonesia
    Israel
    Japan
    Kazakhstan
    Korea
    Laos
    Malaysia
    Maldives
    Myanmar
    OECD
    Pakistan
    Papua New Guinea
    Philippines
    Singapore
    Thailand
    Timor-Leste
    Vietnam

    RSS Feed

Flag Counter
EASTERN REGIONAL ORGANIZATION FOR PUBLIC ADMINISTRATION
National College of Public Administration and Governance
University of the Philippines, Diliman 1101 Quezon City
Philippines
Telefax: (+632) 8 929 7789
​WhatsApp: 63917 465 4300
  • Home
  • About
    • Our Story
    • Constitution
    • EROPA Centers
    • EROPA Secretariat >
      • Sec-Gen's Corner
    • EROPA Chairperson
  • Publications
    • Public Administration News
    • ARPA >
      • ARPA Editorial Board
      • ARPA Call for Papers
      • Publication Ethics and Malpractice Statement
      • Notes for Contributors
      • Abstracts >
        • 2019, Volume 30, Nos. 1-2
        • 2018, Volume 29, Nos. 1-2
        • 2017 Volume 28, Nos. 1 & 2
        • 2016 Volume 27, Nos. 1 & 2
        • 2015 Volume 26, Nos. 1 & 2
        • 2014 Volume 25, No. 2
        • 2014 Volume 25, No. 1
        • 2013 Volume 24, Nos. 1 & 2
        • 2012 Volume 23, Nos. 1 & 2
        • 2011 Volume 22, No. 2
    • EROPA Bulletin >
      • Call for Inputs
    • Resources >
      • EROPA Brochure & Forms
  • Membership
    • Members' Corner
    • Join EROPA >
      • Individual Membership Form
      • Group Membership Form
      • State Membership
    • State Members
  • Conferences
    • 2023 EROPA Conference
    • 2022 EROPA Conference
    • 2021 EROPA Conference
    • 2020 EROPA Conference
    • List of Past Conferences
    • Database for Past Conferences >
      • EROPA 2022 Conference
      • EROPA 2019 Conference
      • EROPA 2018 Conference
      • EROPA 2017 Conference
      • EROPA 2016 Conference
      • 2012-2015 Conferences
    • Carlos P. Ramos Award for Best Conference Paper
    • Asian Leadership Forum
    • Stories to Share
  • Activities
    • Latest Activities
    • EROPA ExP >
      • Find an Expert >
        • Peter Bergerson
        • Edna Estifania A. Co
        • Sofian Effendi
        • Akio Kamiko
        • Pan Suk Kim
        • Masao Kikuchi
        • Perla Legaspi
        • Lue Li
        • Akira Nakamura
        • Orlando Mercado
        • Jon Quah
        • Lisa Saye
        • Sombat Thamrongthanyawong
        • Prijono Tjiptoherijanto
        • Roger Wettenhall
        • Tao Zhang
        • Mohd Afzanizam Mohd Badrin
        • Wong Wai Lun, Vincent
      • JOIN ExP DATABASE
    • OYPA >
      • FAQs/Guidelines
      • OYP Nomination Form
  • #TAG Dialogue
    • About #TAG Dialogue
    • #GovInTheTimeOfCorona
  • Contact Us