The Regional Comprehensive Economic Partnership (RCEP) has entered into force on 1 January 2022. The Agreement encompasses 30% of the global GDP and 30% of the world population and aims to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership that will facilitate the expansion of regional trade and investment. One of the biggest breakthroughs made under RCEP is the Rules of Origin (ROO), as it will further solidify the region under the Agreement as a single production base and market.
Continue reading the article here: ASEAN for Business Bulletin – February 2022