{"id":905,"date":"2020-11-18T14:50:40","date_gmt":"2020-11-18T13:50:40","guid":{"rendered":"http:\/\/matchplat.local\/rcepa-the-world-largest-trade-agreement-is-born\/"},"modified":"2020-11-18T14:50:40","modified_gmt":"2020-11-18T13:50:40","slug":"rcepa-the-world-largest-trade-agreement-is-born","status":"publish","type":"post","link":"https:\/\/www.matchplat.com\/en\/rcepa-the-world-largest-trade-agreement-is-born\/","title":{"rendered":"RCEPA: the world’s largest trade agreement is born"},"content":{"rendered":"

It is called RCEPA<\/strong>, an acronym for Regional Comprehensive Economic Partnership Agreement<\/strong>, and was signed a few days ago in Hanoi.<\/p>\n

\"RCEP\"<\/p>\n

It is the largest trade agreement in the world: it will affect over 2.2 billion consumers<\/strong> and 30% of global GDP<\/strong>, making it an unprecedented free trade treaty.<\/p>\n

The negotiations were led by the People’s Republic of China<\/strong>, which after the difficulties of this 2020 aims to return to pre-crisis growth levels<\/strong> and chooses to do so through international cooperation<\/strong><\/a>.<\/p>\n

A hard blow to the protectionist measures that in recent years have marked the economic policy of nations such as the United States<\/strong>, currently excluded from all agreements regulating trade relations in the Asia Pacific area<\/strong>.<\/p>\n

The RCEPA member countries include, in addition to China, the 10 countries belonging to the Association of South-East Asian Nations<\/strong> and economies such as Australia<\/strong>, New Zealand<\/strong>, South Korea<\/strong> and Japan<\/strong>.<\/p>\n

For the first time, therefore, the three major Asian powers<\/strong> will be brought together under a single agreement, which must now be officially ratified<\/strong> in order to produce its effects.<\/p>\n

The first negotiations date back to 2011, and after nine years it has now reached its final form, which includes a reduction in customs duties between the partners, new regulations for the supply chain<\/strong> in the area, common cybersecurity<\/strong> measures and policies to support digital exports<\/strong> and e-commerce<\/strong>.<\/p>\n

Although analysts point out that there are still many improvements to be made, this is undoubtedly a turning point<\/strong> for the world’s fastest growing economies<\/strong>, with China ready to play an increasingly strategic role in the Asia-Pacific region.<\/p>\n

It is no coincidence that Chinese Prime Minister Li Keqiang<\/strong> spoke of a “milestone for cooperation<\/strong> in East Asia”, with Beijing ready to further strengthen its leadership<\/strong>.<\/p>\n

For this reason, it is clear that in Europe<\/strong>, too, it is now necessary to strengthen relations with the countries of this area: a strategic lever<\/strong> that could prove decisive for the export of many sectors.<\/p>\n

The need to overcome existing barriers has also been stressed by the President of Confagricoltura, Massimiliano Giansanti, who in an interview<\/a> reflected on the opportunities for the Italian agri-food sector<\/strong>, which has a 3.8 billion<\/strong> euro export to Asia and could indirectly benefit from the RCEPA, especially in light of the role of countries such as Japan<\/strong>, which has always been a major exporter and strongly linked to the EU.<\/p>\n

In a recent article<\/a> we pointed out that exports will be a fundamental factor in the coming months also for the recovery of Italian economy, whose small and medium enterprises<\/strong> are now called upon to adopt new logics<\/strong> in order to seize the opportunities of the international economic scenario.<\/p>\n

If, on the one hand, direct contact<\/strong> with products and services within events such as trade fairs remains important, on the other hand it is impossible to deny how the current situation strongly pushes towards new solutions<\/a>, especially for those who wish to internationalise<\/strong> their business.<\/p>\n

Certainly, international agreements<\/strong> and the reduction of duties<\/strong> on goods are desirable solutions and will play a pivotal role in the coming years for companies on the European continent: however, the right attention must also be paid to the strategies<\/strong> adopted by the companies themselves.<\/p>\n

Web, data analysis and new technologies are widely discussed issues, but all too often still ignored by many realities of our economy: yet, these elements are now indispensable<\/strong> for an efficient presence on foreign markets<\/strong>.<\/p>\n

Whether it is a question of identifying new distribution and supply chains<\/strong><\/a> or finding new potential partners<\/strong><\/a>, the power of data can no longer be underestimated: at Matchplat<\/strong> we have known this since day one, which is why we have made data and Artificial Intelligence services available to SMEs.<\/p>\n

Why? Because we believe that having accurate<\/strong> and reliable information<\/strong> should be the first step of any strategy, especially for those companies that have made the Made in Italy<\/strong> brand known throughout the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is called RCEPA, an acronym for Regional Comprehensive Economic Partnership Agreement, and was signed a few days ago in Hanoi. It is the largest trade agreement in the world: it will affect over 2.2 billion consumers and 30% of global GDP, making it an unprecedented free trade treaty. The negotiations were led by the […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[19,13],"tags":[],"class_list":["post-905","post","type-post","status-publish","format-standard","hentry","category-internationalization","category-portfolio-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts\/905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/comments?post=905"}],"version-history":[{"count":0,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts\/905\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/media?parent=905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/categories?post=905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/tags?post=905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}