In November 2020, the Regional Comprehensive Economic Partnership (RCEP) was signed by the ASEAN Members States (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) and Australia, China, Japan, New Zealand and the Republic of Korea. It is so far the largest free trade agreement in terms of the total population and GDP of its parties.
The RCEP is expected to affect the future of international business and regulation in the region and beyond as it brings new market access opportunities and new rules to its members. What are the implications of RCEP for businesses, governments, the public and other stakeholders? How to understand crucial rules such as those on trade, investment, and dispute settlement? How will the RCEP affect the practice of international business? What are the ramifications of the RCEP for the future of the world economy?
As a leading centre in this field, UNSW Law & Justice’s Herbert Smith Freehills China International Business and Economic Law Centre (CIBEL) hosted a webinar to explore these crucial issues. At this webinar, CIBEL members discussed the impact of RCEP from three different aspects of international law.