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Rapid ratification by 11 RCEP members but slower going for remaining 4 expected
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The Regional Comprehensive Economic Partnership entered into force on Jan 1.
PHOTO: REUTERS
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DENPASAR (Bali) - Eleven of the 15 member countries of the Regional Comprehensive Economic Partnership (RCEP) have ratified the pact, slightly more than a year after it was signed in November 2020 following nearly a decade of negotiations.
Experts expect some delays for the final four members to do likewise, largely because of elections, the Covid-19 pandemic and lingering pockets of protectionism.
