Market Views: How can RCEP benefit investments in Asia?

In renewed efforts to establish regional trade relationships, the world’s largest free trade pact, the Regional Comprehensive Economic Partnership (RCEP), took effect on the first day of 2022 among 15 Asian countries. Member states include China, Japan, South Korea, Australia, New Zealand, and the 10 members of the Association of Southeast Asian Nations (Asean). RCEP represents a third of the world’s population, and accounts for 30% of global gross domestic product (GDP). The…