RCEP – the world’s largest trade pact – could become a significant economic buffer for its members against the tariff fallout, experts say
They will meet RCEP counterparts during the week-long meeting, and also with US Trade Representative (USTR) Jamieson Greer.
RCEP is an Asia-Pacific trade alliance representing 30 per cent of the global economy, which was forged as a shield from rising global protectionism.
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“With trade tensions and geopolitical uncertainty likely to persist, rules-based partnerships like RCEP are no longer optional,” said Adib Zalkapli, managing director of geopolitical and public affairs firm Viewfinder Global Affairs.
