Allianz Research

Powering ahead:
Global Wealth Report 2025

RCEP: Common rule of origin could boost regional trade by around USD90bn annually

The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020 by the ten ASEAN countries, Australia, China, Japan, New Zealand and South Korea. The RCEP will cover around 30% of world GDP and population, making it the largest trade deal by these measures. It is also the first multilateral free trade agreement to include China.

EU Carbon Border Adjustments and developing country exports: Saving the worst for the last

The introduction of the EU carbon border adjustment mechanism (CBAM) will come with a high cost for developing economies, particularly African trade partners and the Arab states of the Persian Gulf, which will face the highest ‘carbon tariffs’. 

 

Emerging Europe: The balance of risks is tilted to the downside

Economic activity in the Emerging Europe region rebounded markedly in Q3 2020, but new lockdowns will send the region into a double-dip recession in Q4.