Tuesday, November 9, 2021
ASEAN and East Asia are the focal points this week as the ratification of the Regional Comprehensive Economic Partnership (RCEP) means that it will come into effect from January 1, 2022. Including all 10 ASEAN countries, together with China, Japan, South Korea, Australia, and New Zealand – the RCEP will have a huge impact on regional trade and investment. It will be the world’s largest trade bloc, accounting for 30 percent of global GDP at present. Its ratification means this will develop an even larger share in coming years. ASEAN nations in particular are competing for foreign investors looking to access this market of 2.2 billion consumers.
Elsewhere, both India and Russia are busy planning new FTAs of their own, while China is making inroads into South America. Finally, we examine the US-led BRI competitor, ‘Build Back Better World’. We examine what’s in the expenditure and where it’s going.
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ASEAN / RCEP
RUSSIA / EAEU
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