THE OVERVIEW ON ASEAN & DIALOGUE PARTNERS

MALAYSIA is a founding member state of the Association of SouthEast Asian Nations (ASEAN); and since its inception in 1967, ASEAN has evolved to be a sizeable regional bloc with the establishment of the ASEAN Economic Community (AEC); and dialogue partner relations with Australia, Canada, China, EU, India, Japan, Republic of Korea, New Zealand, Russia and United States

NCCIM embraces the significance of the AEC; and promotes to the Malaysian business community on the strategic significance to inculcate behavioural and cognitive traits of being ASEAN and the AEC in their modus operandi – “think ASEAN and act ASEAN” in pursuit of ASEAN slogans of “One Vision, One Identity, One Community” and “ASEAN : A Community of Opportunities for All”

NCCIM is in close relations with its counterparts in other ASEAN member countries to promote and fully realise the potential of the AEC, and to capitalise on the gains therefrom.

NCCIM also has close relations with its counterpart in the dialogue partners; and participates in their business activities For a more comprehensive coverage on ASEAN, please visit its website: www.asean.org

LATEST: ASEAN HITS HISTORIC MILESTONE WITH SIGNING OF RCEP

SOURCE: ASEAN

15th November 2020: It was a momentous day as Leaders of ASEAN Member States, Australia, China, Japan, Republic of Korea and New Zealand witnessed the signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement.

The RCEP marks ASEAN’s biggest free trade pact to date, covering a market of 2.2 billion people with a combined size of US$26.2 trillion or 30% of the world’s GDP.

“The signing of the RCEP Agreement is a historic event as it underpins ASEAN’s role in leading a multilateral trade agreement of this magnitude, despite global and regional challenges and eight years of negotiations,” said Dato Lim Jock Hoi, Secretary-General of ASEAN.

“RCEP will give a much-needed boost for a swift and robust recovery for businesses and peoples in our region particularly during the current COVID-19 pandemic crisis,” he added.

The deal will improve market access with tariffs and quotas eliminated in over 65% of goods traded and make business predictable with common rules of origin and transparent regulations, upon entry into force. This will encourage firms to invest more in the region, including building supply chains and services, and to generate jobs.

For more details on RCEP, please visit – https://rcepsec.org/wp-content/uploads/2020/11/Summary-of-the-RCEP-Agreement.pdf