Corporate Newsletter

Regional Comprehensive Economic Partnership (RCEP) - what you need to know: A general introduction (Part I)

Corporate Newsletter

On 15 November 2020, following eight years of negotiations, fifteen Asia-Pacific countries concluded the Regional Comprehensive Economic Partnership agreement (“RCEP”) in a virtual signing ceremony held during the 37th ASEAN Summit in Hanoi, Vietnam. The RCEP accounts for approximately 30% of the world’s population (2.2 billion people) and 30% of the global GDP (USD 26.2 trillion), making it the world’s largest free-trade deal, exceeding the European Union, the revamped NAFTA (“USMCA”) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”).In the following, we will provide a short overview of the participation in and the scope of RCEP, focusing on its most salient trade-related innovations. In a Part II to this newsletter, we will address RCEP’s investment protection regime...To read the full article, please see the PDF file

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