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  • Beijing Review

    The Free Trade Deal of a Lifetime

    Jan 20, 2022 4 minutes
    By Ong Tee Keat
    Copyedited by G.P. Wilson

    The biggest ever global free trade deal—the Regional Comprehensive Economic Partnership (RCEP)—came into force on January 1 after 11 signatory states had completed the ratification procedures. They included six of the 10 member states of the Association of Southeast Asian Nations (ASEAN) and all five non-ASEAN participants. The RCEP will take effect 60 days after ratification by at least six ASEAN countries and at least three non-ASEAN nations, according to the agreement.

    Meanwhile, ASEAN member states that have yet to do so, namely Malaysia, Indonesia, Myanmar and the Philippines, are set to seek respective amendments to their relevant domestic legislations to make them

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