THE Regional Comprehensive Economic Partnership (RCEP) has consolidated ASEAN’s regional integration and fostered mutually beneficial economic relations, Cambodian Prime Minister Hun Manet said on Thursday.
Fuelled by robust intra- and inter-ASEAN trade and a pro-investment environment, the Association of Southeast Asian Nations (ASEAN) has been positioned as a strategic hub for global capital flows, Hun Manet told about 600 participants at the opening ceremony of the Cambodia-ASEAN Business Summit 2025 in Phnom Penh.
The ASEAN region presented a compelling investment landscape marked by robust economic dynamism and a steadfast commitment to economic partnership and regional integration, he noted.
“ASEAN’s successful navigation of the economic partnership landscape is evident in its comprehensive network of free trade agreements with key leading economies,” he said. Entering into force in 2022, RCEP comprises 15 Asia-Pacific countries including 10 ASEAN member states — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam — and their five trading partners, namely China, Japan, South Korea, Australia and New Zealand.
Xinhua
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