Integrating online and offline settlement under regional trade agreements in East Asia

12 July 2022

Integrating online and offline settlement under regional trade agreements in East Asia

Dear CBI Members,

Kindly find an insightful briefing into the likely options available to manufacturers, particularly in East Asia, regarding online and offline trading under regional trade agreements.

Author: Pindar Wong, VeriFi Ltd

Manufacturers in East Asia now have the option to settle trade under three major trade frameworks: the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Indo-Pacific Economic Framework. Will they continue to use the US dollar as the de facto unit of account for financial settlements, or will they choose cryptocurrencies like Bitcoin, or Central Bank Digital Currencies (CBDCs) such as China’s e-CNY?

To continue reading this article kindly join the article link here.

Our sincere thanks to EAF for providing this article by Pindar Wong of VeriFi Ltd

Posted on 12 July 2022 at 12:08 in British Business, CBI China, RCEP, Trade Policy | Permalink

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China Direct

12 July 2022