US withdrawal from TPP will Hasten Negotiations on RCEP

By on February 1, 2017


US withdrawal from TPP will Hasten Negotiations on RCEP (Photo by Senado Federal [CC BY 2.0)
US withdrawal from TPP will Hasten Negotiations on RCEP (Photo by Senado Federal [CC BY 2.0)
KUALA LUMPUR—The withdrawal of the United States from the Trans-Pacific Partnership Agreement (TPPA) will help hasten the process of concluding negotiations on the Regional Comprehensive Economic Partnership (RCEP).

This will benefit all 16 participating countries, says the Malaysia-China Chamber of Commerce (MCCC).

The RCEP is a proposed free trade agreement (FTA) involving 10 ASEAN countries, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam alongside Australia, China, India, Japan, South Korea and New Zealand.