Tridge summary
The Regional Comprehensive Economic Partnership Agreement (RCEP), the world's largest free trade agreement including 15 Asia-Pacific countries, was finalized at the 4th RCEP Summit. While the government anticipates diversified trade and expanded export markets, the fisheries industry expresses concerns about potential negative impacts due to lack of discussion and the agreement's effect on tariffs and market liberalization. The article emphasizes the need for collaboration between the government and the industry to mitigate these impacts and highlights the significance of understanding Japan's role in the agreement. Despite concerns, particularly related to potential changes in origin standards and certification procedures, the focus is on developing strategies to minimize damage and establish a leading role in the regional trade environment.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Regional Comprehensive Economic Partnership Agreement (RCEP·Alseph) was finalized at the 4th Regional Comprehensive Economic Partnership Agreement Summit on the 15th. RCEP, a multilateral free trade agreement that seeks to integrate the regional economy with 15 countries in the Asia-Pacific region, participated in the agreement with 10 ASEAN countries, China, Japan, New Zealand, and Australia. It is the world's largest free trade agreement, accounting for about 30% of the world in terms of GDP ($2.63 trillion) and population (2.26,000 people). The final signing of the RCEP is expected to diversify the trade structure and expand the export market. In particular, the government predicts that the barrier to trade in the region will be lowered and people, goods, and businesses will move freely, contributing to the restoration of global multilateralism and the development of a free trade order. The conclusion of multilateral agreements by the government, which has been steadily ...
Source: Fisheco
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