Tag: Regional Comprehensive Economic Partnership (RCEP)
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ASEAN Unveils Its Anti-Tariff Toolkit
In a joint statement released on Monday, the Association of Southeast Asian Nations (ASEAN) repeated its rejection of current U.S. trade restrictions. The ten-country group listed the following countermeasures: Increase trade and investment among ASEAN members ...
Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure
As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...
Bangladesh to Apply for Membership to China-Centric Trade Group
Bangladesh will reportedly submit a formal request by September to join the Regional Comprehensive Economic Partnership (RCEP), a China-led free trade community that represents about 30% of global GDP. The decision was taken at an inter-ministerial meeting on Tuesday. It now requires Cabinet approval, and ...
Backgrounder: How Chinese Infrastructure is Reshaping ASEAN Trade
Even as China's territorial wrangles with some of its South China Sea neighbors show no sign of letting up, Chinese infrastructure is taking its trade relations with Southeast Asia to new levels. In particular, ambitious new land-sea corridors are credited for ...