The receptive response to the Regional Comprehensive Economic Partnership (RCEP). Asean should take a bow because the RCEP was conceived in 2011 at the Asean Summit in Bali. Foreign service providers (FSPs) who offer digital services to consumers need to be registered as foreign registered persons (FRPs). It was an initiative between Alibaba, Malaysia Digital Economy Corporation (MDEC) and Malaysia-based Fusionex, which powers the DFTZ eServices Platform. And, finally, RCEP may facilitate technology transfer that would otherwise not occur, enabling SMEs to get into international trade.

Source: The Edge Markets February 14, 2021 16:07 UTC