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All Regional Comprehensive Economic Partnership News
Top stories summarized by our editors
Top stories summarized by our editors

US, EU urged to improve trade with Asia-Pacific nations

3/5/2021

The Asia-Pacific region remains a powerful end-market for the US, and both the US and the EU must take steps to strengthen trade relations with Asian nations, said German research institute Ifo. The American Chemistry Council supported a 2018 proposal to rejoin the Trans-Pacific Partnership, but the US failed to do so and China filled the gap left by the US in the region by joining the Regional Comprehensive Economic Partnership, Ifo said.

15 countries sign largest free trade deal in the world

11/23/2020

China, Japan, South Korea and 12 other countries have signed the Regional Comprehensive Economic Partnership, cementing the world's largest free trade agreement. Under the deal, the signatories agreed to remove tariffs on at least 92% of products over a 20-year period.

15 countries sign largest free trade deal in the world

11/16/2020

China, Japan, South Korea and 12 other countries have signed the Regional Comprehensive Economic Partnership, cementing the world's largest free trade agreement. Under the deal, the signatories agreed to remove tariffs on at least 92% of products over a 20-year period.

India rejects major Asian trade agreement

11/5/2019

India says it won't join the Regional Comprehensive Economic Partnership, an Asian trade bloc that would have included 50% of the global population and 30% of GDP worldwide. Indian leaders are worried about harm to the economy if flooded by inexpensive products from China.

India withdraws from RCEP negotiations

11/4/2019

Negotiators from 15 nations are continuing to work toward an agreement to join in the Regional Comprehensive Economic Partnership after India declined to continue participating. Speaking at the Association of Southeast Asian Nations, United Nations Secretary-General Antonio Guterres expressed concerns about "a great fracture with the world's largest economies splitting the globe into two."

Effort to finish RCEP trade pact delayed until 2019

11/13/2018

Efforts to complete the Regional Comprehensive Economic Partnership, which would be the world's largest trade deal, have been pushed back to next year after negotiators failed to come to terms.

Broad agreement on trade deal could come in Nov.

9/4/2018

Leaders could reach broad agreement on the Regional Comprehensive Economic Partnership -- a trade deal that includes the ASEAN, as well as China and other nations -- in November, Singapore's trade minister says.

ASEAN looks to accelerate RCEP negotiations

8/7/2018

The Association of Southeast Asian Nations wants to accelerate work on a free trade framework known as the Regional Comprehensive Economic Partnership in light of trade tensions between the US and China.