Countries that have signed on to the East Asia-spanning RCEP trade deal are going full speed ahead with plans to implement it on Jan. 1, 2022, despite foot-dragging by a majority, with China and ASEAN especially keen, for their own reasons, on seeing the pact come into force soon.
China, Japan, South Korea, and all 10 members of the Association of Southeast Asian Nations were among the 15 countries that signed the Regional Comprehensive Economic Partnership this past November to form the world’s largest free trade bloc.
The pact takes effect 60 days after six ASEAN signatories and three non-ASEAN signatories complete ratification or equivalent procedures. Japan, Singapore and China have done so, but many others have not. Read More.