“Protectionism is rising worldwide, and the global trading system is in a state of crisis. In these circumstances, broad-based free trade and economic partnerships are important,” said Atsushi Ijuin, lead economist at the Japan Center for Economic Research, at the 2025 RCEP Media & Think Tank Forum on May 25. He stated that the RCEP agreement has a relatively high level of liberalization and comprehensive rules, while also allowing flexibility for less developed countries in the region.
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