
Business / Economy | FOCUS Dec 31, 2021
RCEP's benefits come with challenge of keeping China in check
by Takaki Tominaga
The outlook for the pact's impact on Japan's economy is particularly rosy, some analysis suggests.
RCEP's benefits come with challenge of keeping China in check
The outlook for the pact's impact on Japan's economy is particularly rosy, some analysis suggests.
The RCEP pact is Japan's first economic partnership agreement with China and South Korea.
Asia-Pacific's 15-member RCEP trade deal to take effect in January, Australia says
The pact, which is the world's largest free trade agreement despite the absence of the United States, will be Japan's first to involve both China and South Korea.
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In a joint statement released after the Japan-Australia talks, their ministers affirmed that the CPTPP and the 15-member RCEP are critical to post COVID-19 economic recovery for the region.
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In its first published estimate of the impact of the multilateral pact covering about a third of global trade, the government predicted around 570,000 jobs would be created.
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