RCEP deal to boost foreign investment across the region: UNCTAD
Published 16 Nov,2020 via The Financial Express - China-led Regional Comprehensive Economic Partnership (RCEP) agreement is likely to boost foreign direct investment (FDI) in the Asia-Oceania region during the ongoing Covid-19 pandemic.
United Nations Conference on Trade and Development (UNCTAD) has expressed the optimism in its special issue of Investment Trend Monitor, released on Sunday.
'The agreement comes at a time of major upheaval caused by Covid-19,' said the report. 'The pandemic will lead to a drop in FDI in the region of about 15.0 per cent. However, this compares favourably to a fall of 30-40 per cent in global FDI, and the region looks set to lead the FDI recovery.'
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The Financial Express