When compared to other transnational free trade agreements, the Regional Comprehensive Economic Partnership Agreement (RCEP), which was signed in November of 2020 and is expected to be implemented sometime in 2021, is unrivalled in its complexity and remarkably lays the framework for a pan-Asian basic standard for trade that surpasses the terms provided by the World Trade Organization (WTO).
The formation of the RCEP trade bloc is indisputably a defining moment for international trade – a new, highly welcome development that could redirect foreign direct investment flows in the months and years ahead. At Tricor, we are highly cognizant of gauging how this trade deal will potentially divert trade flows and trigger new business trends. What starts as a large-scale, high level agreement between governments across APAC will likely soon trickle down to impact the daily decisions multinational corporations and SMEs make in how they operate, expand and invest, across domestic, APAC and international markets.
In this report, insights and analysis have been compiled by Tricor Group to inform companies on how the landmark signing of the RCEP and continued COVID-19 disruptions are impacting the APAC trade and investment landscape and how to prepare to deliver business growth in 2021.
The 2021 Asia Pacific Trade Report includes:
Leverage Tricor's expert insights to further your organization's business objectives and prepare to capitalize on the RCEP and the business growth opportunities it presents.