RCEP to have strong bargaining power over other economies: Indonesian economist

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RCEP to have strong bargaining power over other economies: Indonesian economist

STORY: RCEP to have strong bargaining power over other economies: Indonesian economist DATELINE: Oct. 15, 2022 LENGTH: 0:01:35 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Jakarta 2. SOUNDBITE (English): MOHAMMAD FAISAL, Executive director, Center of Reform on Economics Indonesia STORYLINE: An Indonesian economist said in a recent interview with Xinhua that the Regional Comprehensive Economic Partnership (RCEP) will soon have stronger bargaining power over other economic powers. SOUNDBITE (English): MOHAMMAD FAISAL, Executive director, Center of Reform on Economics Indonesia " The RCEP has become the largest trading block, the largest regional economic block in the world. And it will, I think, soon have stronger bargaining power over other economic powers, including the U.S. and also the European Union. You can imagine in terms of the population, it consists of 30 percent of the world's population. And also GDP, it is about 30 percent of the (global) GDP. Then it means that with stronger ba

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