The signing of the Regional Comprehensive Economic Partnership (RCEP) agreement will promote, facilitate, and protect participating countries’ investment climate within the region, said Juwai IQI group co-founder and CEO Kashif Ansari.
He said the RCEP could be an economic recovery tool against Covid-19, which will help ensure the opening of markets and uninterrupted supply chain.
“Service providers, including (those engaged in) e-commerce, will be able to enjoy greater market access in terms of cross-border supply and establish a commercial presence in the RCEP markets,” he added.
RCEP is the biggest opportunity for many players in the region to benefit from the rising economies, macroeconomics stability and strong aggregate demand, and access to many markets in the trade agreement.
It is the largest free trade agreement in the world, covering 15 countries with 2.2 billion or nearly a third (29.7%) of the world’s population that represents US$24.8 billion (RM102.18 billion), or almost a third (28.9%) of the world’s GDP based on World Bank’s 2018 data.
He also said the signing of RCEP would not influence the property market in Malaysia.
