World

RCEP expected to give boost to Czech exports

The Regional Comprehensive Economic Partnership (RCEP) Agreement, which was signed on November 15, is expected to open door for Czech enterprises to enter the world’s largest free trade area, according to Czech experts.
RCEP expected to give boost to Czech exports ảnh 1PM Nguyen Xuan Phuc witnesses the signing of RCEP on November 17 (Photo: VNA)

Prague (VNA) – The Regional Comprehensive Economic Partnership(RCEP) Agreement, which was signed on November 15, is expected to open door forCzech enterprises to enter the world’s largest free trade area, according toCzech experts.

Miroslav Diro, spokesperson of the Czech chamberof commerce, said countries having clinched free trade agreements with theCzech Republic like Vietnam and the Republic of Korea can become a gate way forCzech enterprises to reach to the markets of 15 RCEP countries.

Meanwhile, Štěpán Hájek, an analysist of PurpleTrading, said removing trade tariffs under the trade deal is a good sign for theCzech Republic’s open economy, particularly when the country is facing pressurefrom increasing protectionism.

He described the agreement as another advancement of the globalisation process,which is being threatened by the COVID-19 pandemic.

Luděk Procházka, Managing Director of Gerlach – the largest customs serviceprovider in the Czech Republic, believed that European firms, including thosein the Czech Republic, will see an increasing number of orders from RCEP memberstates./.
VNA
#RCEP#Czech enterprises#free trade agreements#increasing protectionism#RCEP member states#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

RCEP signing hoped to boost Cambodia’s economic upturn

RCEP signing hoped to boost Cambodia’s economic upturn

The November 15 signing of the long-awaited Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) agreement brings renewed hopes for comprehensive change in the flow of regional trade and investment and the promotion of intra-bloc supply chains capable of bolstering trust among members of the region’s business sector.
Vietnam attends 31st APEC Ministerial Meeting

Vietnam attends 31st APEC Ministerial Meeting

Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh attended the 31st Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting held via videoconference on November 16 evening under the chair of Malaysian Minister of International Trade and Industry Mohamed Azmin Ali.
Malaysian firms expect increased market access from RCEP

Malaysian firms expect increased market access from RCEP

The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) Agreement will considerably contribute to promoting market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia-Pacific region.
Japanese businesses expect RCEP to boost trade and investment

Japanese businesses expect RCEP to boost trade and investment

Japanese business leaders welcomed the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement signed by Japan and 14 other partners on November 15, expecting a boost in trade and investment in the region and strengthening of supply chains.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.