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Bangkok Post
Bangkok Post
Business

Malaysia: RCEP regional trade pact comes into force

Malaysia RCEP China KUALA LUMPUR United States
China's Premier Li Keqiang passes Japan's Prime Minister Shinzo Abe as they gather for a group photo with Asean leaders at the Regional Comprehensive Economic Partnership (RCEP) meeting in Singapore Nov 14, 2018. Thailand's Prime Minister Prayut Chan-o-cha looks on in the background. (File photo: Reuters)

KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) free trade agreement has entered into force in Malaysia from Friday, Malaysia's Ministry of International Trade and Industry said.

Malaysia is expected to be the largest beneficiary of the China-backed RCEP among Southeast Asian countries in terms of export gains, with a projected US$200 million increase, the ministry said in a statement on Friday.

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