KUALA LUMPUR, July 27 ― Malaysia will continue to have collaborative diplomatic, trade and investment relations with Regional Comprehensive Economic Partnership (RCEP) members.
Under the Regional Comprehensive Economic Partnership, Hong Kong can play a crucial role for yuan-related financial activities and boost the currency’s international use in the process, a top banker says.
A special exhibition area for RCEP member countries will be set up at the 19th China-ASEAN Expo (CAEXPO) slated for September 16-19 in Nanning, the capital of the Guangxi Zhuang autonomous region.
In May, US President Joe Biden visited South Korea and Japan with the aim of reaffirming America's commitment to the Asia-Pacific region after the uncertainties and doubts generated by Donald Trump's presidency. In Tokyo, Mr Biden launched the Indo-Pacific Economic Framework for Prosperity (Ipef) and participated in a summit of the Quad, an informal security grouping that also includes Japan, Australia and India.
Observers have claimed that New Delhi’s decision to not join RCEP has been driven by escalated fears of cheaper imports from China and south-east Asian nations. 16.06.2022, Sputnik International