Balkan Beats 34 - 2020

Page 25

Trade

Out Of The Borders

All you need to know about the RCEP, the world’s largest economic trade agreement by Marco Scarangella

goods imported and exported within the region. In the long term, the agreement aims to reduce The agreement includes 20 chapters of rules tariffs between member countries by 90% over covering several fields. In the immediate term, 20 years, expanding the services sector and esthe pact aims to eliminate duties on 65% of tablishing common trade rules.

What does the RCEP provide for?

Map representing the signatory countries of the agreement.

© https://roskill.com/news/macroeconomics-rcep-agreement-creates-trade-tensions-and-partnerships/

25


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.