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Showing posts with the label Post COVID-19 World

RCEP: Booster for regional economy amid the pandemic

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RCEP: Regional Comprehensive Economic Partnership, covering nearly a third of the global population and about 30 percent of global GDP, was signed by its 15 members on Sunday at the fourth RCEP summit in Hanoi. It would be the world's biggest free trade agreement (FTA) measured in terms of GDP, larger than the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the European Union, the recent U.S.-Mexico-Canada Free Trade Agreement or South America's Mercosur, according to Rajiv Biswas, chief economist for the Asia-Pacific region of IHS Markit. https://www.youtube.com/watch?v=IlqKMVkuUJY

Shinzo Abe resigns due to health reasons

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https://www.youtube.com/watch?v=bBPYSvBI38I Japanese Prime Minister Shinzo Abe has announced his decision to step down for health reasons. He said he did not want his health to get in the way of decision making and apologised to the Japanese people for failing to complete his term in office. The nation's longest-serving prime minister also said it's not up to him to decide on his successor.