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2021-04-22 10:11 By: GMW.cn
On April 16, the RCEP Industry Cooperation Committee was established in Beijing. Representatives of the business communities of 15 RCEP member states pledged to engage in close regional industrial cooperation and work together to promote the implementation of the Regional Comprehensive Economic Partnership Agreement.
The RCEP, signed on November 15, 2020 and composed of the 10 ASEAN countries as well as China, Japan, South Korea, Australia, and New Zealand, is a free trade zone with the largest population, the largest economy, the most diverse membership structure, and the greatest potentials for development in the world.
The cooperation committee is mainly composed of representatives of the business communities of 15 RCEP member states. At the inauguration ceremony, Xu Ningning, Executive President of the China-ASEAN Business Council, Shen Guofang, Executive President of the China Foundation for Int
Introduction
Adopting IFRS Standards is a top priority for many stakeholders in economies in the Mekong region. Such countries in the Association of South East Asian Nations (ASEAN) are suffering from the impact of Covid-19 and are looking to attract foreign direct investment to speed recovery and grow. IFRS Standards adoption will assist greatly in this goal. It is therefore helpful to look across the Mekong region to assess the state of adoption by respective nations, and understand the successes and challenges therein.
Representatives from Myanmar, Laos, Cambodia and Vietnam gathered at an online conference hosted by the ASEAN Federation of Accountants and ACCA to discuss the challenges and benefits of implementation, and to hear from representatives from the International Accounting Standards Board (IASB), the Big Four, the World Bank and a recent successful adopter, Malaysia.