#freetrade

All members are already on board. Will RCEP boost the economy?

GTDW FDI Trade & Supply Chain Digitalisation News

Dec 13, 2022
2 min

All members are already on board. Will RCEP boost the economy?

Regional Comprehensive Economic Partnership (RCEP) agreement started on 1 January 2022. The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) and its five trade partners (Australia, China, Japan, New Zealand and South Korea), which came into force on 1 January 2022. India, which has also taken part in the talks, has not entered into the agreement for the time b

15 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 11, 2022
2 min

MISSING IN ACTION: TRADE SECRETARIATS

Secretariats, or a permanent management structure, play a critical role in the delivery and implementation of international agreements including trade deals. They provide the backbone to administer the day-to-day functions of keeping such pacts alive and ensuring that parties stick to their obligations. Secretariats come in all shapes, sizes and levels of formality. Running an institution by informal committees alone can be a recipe for allowing members to shirk their impleme

19 views0 comments

ASIA TRADE: The Challenges Of Expanding The CPTPP

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 9, 2022
2 min

ASIA TRADE: The Challenges Of Expanding The CPTPP

Expansion has been baked into the DNA of the Comprehensive and Progressive Trans-Pacific Partnership. But the ongoing United Kingdom accession has revealed how challenging the process is in practice for the members as other countries have joined the queue. From Four to Eleven From the start of negotiations, officials working on what would become the CPTPP recognised the importance of including an accession clause to allow new members to join the deal. Chile, New Zealand and S

23 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 6, 2022
3 min

Malaysia Ratifies The CPTPP

“The CPTTP will elevate Malaysia's prominence as a global trading economy and total trade is expected to increase to US$655.9 billion (RM3.04 trillion) in 2030." This follows the government’s submission of the instrument of ratification for the agreement to New Zealand, the CPTPP depositary, on Sept 30, 2022, said the International Trade and Industry Ministry (MITI). In a statement on Wednesday (Oct 5), MITI said the ratification comes after years of detailed deliberation, ex

8 views0 comments

South Korea Ratifies Cambodia Trade Deal

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 30, 2022
1 min

South Korea Ratifies Cambodia Trade Deal

The South Korean National Assembly on September 27 ratified the Cambodia-Korea Free Trade Agreement (CKFTA), fuelling hopes for an export boom to Asia’s fourth largest economy. The CKFTA is to become effective 60 days after both sides have completed their internal procedures and deposited their respective instrument of ratification (IoR), a document by which a country formally agrees to be bound by a treaty. After the Cambodia-China Free Trade Agreement (CCFTA), the CKFTA is

10 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 19, 2022
1 min

Resource - Will World's Biggest Free Trade Deal (RCEP) Succeed? | World Economic Forum: Panel

On 1st January 2022, the Regional Comprehensive Economic Cooperation (RCEP) kicked off, making ASEAN plus China, Japan and South Korea home to the biggest free trade deal in the world. But will this agreement create more jobs and help fight inflation? Or will it struggle to even get off the ground? Hear from panelists including Muhammad Lutfi, Indonesia Trade Minister, and Tak Niinami, CEO of Suntory, in this panel from the World Economic Forum titled “The Biggest Trade Deal

19 views0 comments

Massive RCEP trade deal fails in areas where smaller bilateral pacts in Asia-Pacific shine

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 3, 2022
2 min

Massive RCEP trade deal fails in areas where smaller bilateral pacts in Asia-Pacific shine

- Over a half year into the Regional Comprehensive Economic Partnership, trade experts say world’s biggest trade pact serves more to ‘tidy up’ one-to-one agreements - Bilateral free-trade deal between China and Cambodia is said to be a prime example of how bilateral deals can trump the benefits of RCEP Seven months after the world’s largest free-trade agreement (FTA) took effect, its critics say that member nations would be better off if they also signed separate bilateral tr

45 views0 comments

The future of special economic zones – a best practice model

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 13, 2022
1 min

The future of special economic zones – a best practice model

Special economic zones have been hit hard by Covid-19 and changes in attitudes to incentives. So how can they prosper in the future? Douglas van den Berghe offers a model to answer this question. The UN Conference on Trade and Development’s 2019 World Investment Report estimated that between 2014 and 2018, the number of special economic zones (SEZs) worldwide increased by 26% to around 5,400. More than 140 countries, which include almost 75% of all developing economies and al

32 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 27, 2022
1 min

The Benefits Of Trade Liberalization

The case for free trade has always been a tough sell. While trade is an economic endeavor, trade policy is the product of politics, where perceptions often matter more than facts. Domestic politics, national security concerns, and geopolitics conspire against the economics and the prospects for resuscitating multilateralism. The world remains deeply connected on trade despite political turbulence across continents. Trade as a share of global value grew by 23%, from 46.8% in 2

29 views0 comments

Global minimum tax still a head-scratcher for developing countries

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 23, 2022
1 min

Global minimum tax still a head-scratcher for developing countries

Policy-makers and free zones developers are unfazed by the OECD-sponsored reform. By Jacopo Dettoni, fDi Intelligence In a meeting with prospect investors, Jamaican industry minister Aubyn Hill eloquently conveyed his vision for a new free zone in Caymanas, Kingston. A smirk appeared on his face as he delivered the final line. “Developers will enjoy a 50-year total exemption on corporate income tax,” Mr Hill said on June 16, seemingly indifferent to the 15% global minimum tax

7 views0 comments

RCEP: Can Multilateralism Lead to Economic Growth in Asia Pacific? New Report Launched

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 22, 2022
2 min

RCEP: Can Multilateralism Lead to Economic Growth in Asia Pacific? New Report Launched

Since the Regional Comprehensive Economic Partnership entered into force in Jan 2022, its impacts are largely unknown. This report brings together the insights from 20 experts across 10 different Asia-Pacific countries analyzing how RCEP will change the economic and political landscape in the 21st century. Accounting for nearly a third of the world’s population and almost 30% of global GDP, the Regional Comprehensive Economic Partnership (RCEP), entered into force on January

30 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 20, 2022
2 min

Towards An Asian Digital Trade Zone

Are the Himalayas too high for the internet to pass? The prospect of an Asian digital single market seems remote, especially when India and China seem to be pulling apart. India is busy banning Chinese apps like TikTok, while China promulgates ever stricter rules on data transfer abroad. Asian governments still fail to see that rising above local conflicts might yield enormous dividends, strengthening their own economic security in the process. Digital single markets permit c

19 views0 comments

RCEP Is Transforming Trade in Asia Pacific And Creating Advantages For Companies

GTDW FDI Trade & Supply Chain Digitalisation News

Apr 18, 2022
3 min

RCEP Is Transforming Trade in Asia Pacific And Creating Advantages For Companies

The new and impactful Regional Comprehensive Economic Partnership will create new trade opportunities among Asian countries and accelerate the region’s economic recovery. The world’s largest free trade agreement (FTA), the Regional Comprehensive Economic Partnership (RCEP), went into effect January 1; and, as far as being a transformative agreement, the RCEP is a very big deal. The RCEP will create new trade opportunities among Asian countries and accelerate the region’s econ

254 views0 comments

GTDW FDI Trade & Supply Chain Digitalisation News

Mar 3, 2022
5 min

An Investor’s Guide To RCEP Countries

The essential guide to RCEP for anyone establishing operations in Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thailand or Vietnam. The Regional Comprehensive Economic Partnership (RCEP) Agreement entered into force on 1 January 2022 after almost a decade of negotiations. The agreement brings together Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealan

25 views0 comments

RCEP: The Winners And Losers Of The World’s Largest Trade Deal:

GTDW FDI Trade & Supply Chain Digitalisation News

Jan 18, 2022
3 min

RCEP: The Winners And Losers Of The World’s Largest Trade Deal:

The Regional Comprehensive Economic Partnership (RCEP) came into force in early 2022. Investment Monitor looks at the countries and sectors that will benefit the most. Following a decade of negotiation, 15 Asia-Pacific countries signed one of the biggest trade deals in history as 2020 drew to a close. Known as the RCEP, or the Regional Comprehensive Economic Partnership, it set out to reduce business barriers in an area covering one-third of the world’s population and economi

56 views0 comments

Explainer | What is RCEP, the world’s largest free trade deal that is under way?

GTDW FDI Trade & Supply Chain Digitalisation News

Jan 4, 2022
2 min

Explainer | What is RCEP, the world’s largest free trade deal that is under way?

Regional Comprehensive Economic Partnership (RCEP) trade agreement took effect for most of the 15 member countries on January 1 It is the world’s largest free trade agreement, as it covers nearly a third of the global population and about 30 per cent of its global gross domestic product The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, Japan, New Zealand

25 views0 comments

UNCTAD Report: A New Centre Of Gravity - RCEP And Its Trade Effects

GTDW FDI Trade & Supply Chain Digitalisation News

Dec 15, 2021
2 min

UNCTAD Report: A New Centre Of Gravity - RCEP And Its Trade Effects

When the Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) enters into force on 1 January 2022 it will create the world’s largest trading bloc by economic size. A new UNCTAD report examines the agreement’s impact on trade around the world. On 1 January 2022, the Regional Comprehensive Economic Partnership (RCEP) will enter into force. This free trade agreement includes 15 East Asian and Pacific Nations of different economic sizes and stages of development, repre

141 views0 comments

Resource: Mapping the World's Special Economic Zones

GTDW FDI Trade & Supply Chain Digitalisation News

Dec 14, 2021
2 min

Resource: Mapping the World's Special Economic Zones

Excellent resource by Adrianople Group research team - Open Zone Map is the world’s first comprehensive attempt at mapping every single Special Economic Zone (SEZ). This map was created to improve public understanding of SEZs. Our goal is to inspire other researchers studying SEZs to create their own data sets, sparking a knowledge revolution. Zone Types: We divided our map into SEZ zone types, loosely based on the World Bank’s 2008 SEZ types and UNCTAD’s 2018 SEZ types. ‍ Sp

34 views0 comments

Regional Comprehensive Economic Partnership (RCEP) agreement to enter into force on 1 January 2022

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 8, 2021
1 min

Regional Comprehensive Economic Partnership (RCEP) agreement to enter into force on 1 January 2022

JAKARTA, 3 November 2021 – As of 2 November 2021, the ASEAN Secretariat has received Instruments of Ratification/Acceptance from six ASEAN Member States – Brunei Darussalam, Cambodia, Lao PDR, Singapore, Thailand, and Viet Nam – as well as from four non-ASEAN signatory States – Australia, China, Japan, and New Zealand. As provided by the Agreement, the RCEP will enter into force sixty days after the date at which the minimum number of IOR/A is achieved. This means that the RC

18 views0 comments

RCEP: Worlds Largest Free Trade Bloc Looks Likely To Come Into Force Early 2022

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 3, 2021
3 min

RCEP: Worlds Largest Free Trade Bloc Looks Likely To Come Into Force Early 2022

The final completion of the Regional Comprehensive Economic Partnership (RCEP) has moved one step closer after six ASEAN countries submitted their approval letter for the RCEP on October 28, the Deputy Prime Minister and Commerce Minister of Thailand, Jurin Laksanawisit, said on Monday. Experts said that the latest significant move indicates the final completion of the RCEP could come into effect in January 2022, as scheduled. While the possibilities for the US attempts to di

98 views0 comments