Trade Minister Zulkifli Hasan said RCEP would boost trade, direct investment. Read more at straitstimes.com.
JAKARTA - Indonesia's Parliament on Tuesday passed a law cementing the country's membership of themaking it the latest South-east Asian nation to join the world's biggest trade bloc.
Indonesian Trade Minister Zulkifli Hasan said the RCEP would boost trade, direct investment and increase the country's GDP growth by 0.07 percentage points. The RCEP, which is seen as an alternative to the US-led Comprehensive and Progressive Agreement for Trans-Pacific Partnership, covers nearly a third of the world's population and about 30 per cent of its gross domestic product. It was initially agreed by leaders of 15 Asia-Pacific countries in November 2020.after seven nations in South-east Asia, and Australia, China, Japan, and New Zealand ratified the pact last year.
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Indonesian Parliament approves membership of trade bloc RCEPTrade Minister Zulkifli Hasan said RCEP would boost trade, direct investment. Read more at straitstimes.com.
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