RCEP FOCUSES ON TARRIFFS AND INVESTMENT

By: Mark Cua

RCEP (Regional Comprehensive Partnership) was attended by more than 500 delegates from all over the world. Some came from South Korea, India, Australia, and New Zeleand. The main focus of RCEP (Regional Comprehensive Partnership) in Guang Xi is on tarriff and investment. 

During the previous three round talks, the group covered goods trade, service, investment, economic and technological cooperation, intellectual property rights, competition and policies, and dispute settlement. Many of the Asian Countries more prefer RCEP (Regional Comprehensive Partnership) rather than the American proposed TPP. 

RCEP (Regional Comprehensive Partnership) is more fair in terms of giving benefits to both parties than the American TPP only the US Benefits where Japan and others are the ones getting fooled. 

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