The Regional Comprehensive Economic Partnership was recently signed by 15 Asia-Pacific countries. RCEP unites China, Japan and South Korea in a trade deal for the first time and includes 10 Southeast Asian countries plus Australia and New Zealand. That leaves the US, with the largest economy, and India, the largest democracy, on the sidelines of one of the world’s biggest trading blocs. The pact will facilitate investments and reduce already low tariffs among member countries over time. It will deliver modest benefits at the outset and the agreement does not address labor standards or environmental protections. Nor does it prevent state-owned enterprises from gaining a competitive edge with government subsidies. However, it is useful and provides momentum for many economies in the region. AmCham members are invited to join a virtual panel discussion on the RCEP agreement on December 16 to discover the opportunities RCEP will bring here and what pitfalls to watch out for.
Deborah Elms, Executive Director of the Asian Trade Center in Singapore, will give an overview of the RCEP. Then John Goyer, Senior Director for Southeast Asia at the US Chamber of Commerce, will moderate a panel discussion featuring Mario Palacios, Senior Managing Director of International Trade Policy at Intel Corporation in Washington, and ShuiMei Lin, Vice President for Public Affairs and Sustainability at UPS in Singapore.
AmCham Virtual Meetings provide unprecedented access to the political, policy, corporate, and institutional leaders whose expertise, insights, and experience shape the global business climate. There is no cost to participate. This virtual meeting is English-language only and is run by our friends at AmCham Malaysia. Please register your participation by clicking on the button below or by calling the AmCham office. Registered participants will receive an email the day before the meeting with the URL link and instructions.