RCEP a stride towards regional resilience

  The post COVID19 global economy is going to be more about critical supply chains and securing resources that will fuel economic growth.  While some countries are cautiously considering what life looks like beyond the health crisis created by a pandemic that has cost many lives, in all estimations the economic fallout will be felt for years to come. The recent signing of the Regional Comprehensive Economic Partnership Agreement (RCEP) will go a long way in establishing both a framework for cooperation and a spark of hope for an earlier economic recovery. Looking to the future, strategic onshore production will also increase as many countries who were caught off guard by their inability to secure products during the early months of the pandemic will not forget the question marks raised around resilience for critical materials especially in the food, agriculture and healthcare sectors.  This will require significant investments and technical [...]