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United Nations Conference on Trade and development: RCEP greatly promotes the growth of regional foreign investment

Time:2020-11-18  

    The report released by the United Nations Conference on Trade and development on the 16th pointed out that the regional comprehensive economic partnership agreement (RCEP) will greatly promote the growth of foreign direct investment (FDI) among members of the region and other regional economies in the region.


    On the same day, in response to the RCEP signed a few days ago, the conference issued a special issue on investment trend monitoring, stressing that the agreement will have an important impact on FDI flows inside and outside the region and the development of global value chains.


    The report points out that RCEP's investment provisions will enhance investment opportunities in the region in the long run. At the same time, the provisions concerning trade in goods and services, intellectual property rights and e-commerce in the agreement will promote trade facilitation, reduce transaction costs of enterprises, and help to increase FDI flows in the region in the short term.


    The report also said that RCEP can further promote FDI flows among members of the region. At present, only 30% of the FDI attracted by RCEP members comes from within the region, so there is still a lot of room for growth.


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