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Japan ratifies the RCEP as a third country
26-06-2021, 09:29 AM
Příspěvek: #1
Japan ratifies the RCEP as a third country
[Obrázky: japan-1024_pixabay-768x444.jpg]


Ministry of Foreign Affairs of Japan revealed today that Japan has ratified the Regional Comprehensive Economic สล็อตวอเลท Partnership (RCEP), the world's largest free trade agreement.


Kyodo News Agency reported that Japan has deposited its instruments of ratification to the ASEAN Secretariat. As a result, Japan is the third member country to enforce the 15 RCEP agreements.


The ASEAN Secretariat is tasked with taking steps on behalf of the treaty. The RCEP comprises the 10 member states of ASEAN which are Thailand, Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Myanmar, Singapore and Vietnam, as well as Japan, China, South Korea, Australia. and New Zealand


The RCEP will help create free trade zones that account for about 30% of the world's gross domestic product (GDP), trade and population. It marks the first time Japan will participate in a trade deal involving China and South Korea, Japan's No. 1 and No. 3 trading partners.


The RCEP agreement, which 15 countries signed in November last year. It will come into effect after the ratification of six ASEAN member states and three other countries. Singapore and China have previously completed the process of ratifying the agreement.


The RCEP will allow the signing countries to exempt tax on 91% of their items, and will also issue consistent regulations on investment and intellectual property to promote free trade.
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09-09-2021, 08:16 AM
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15-12-2021, 10:58 AM
Příspěvek: #3
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