The RCEP, A Boost for Trade and Central Bank Digital Currencies in Asia

Categories : Digital Money and payments, Technology and Operational Enablers


Author: Oriol Caudevilla

One of the world’s largest free-trade deals in history, the Regional Comprehensive Economic Partnership (RCEP),was signed last November 15, after eight years of negotiations. It is composed of fifteen countries (all ten members of ASEAN -Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam-, plus China, Japan, South Korea, Australia and New Zealand), that will create a free trade area encompassing 28% of the global economy, 30% of the global population and reaching 2.2 billion consumers.

In this article, Dr Oriol Caudevilla writes about how the RCEP could be a boost for trade and Central Bank Digital Currencies in Asia.