Page 8 - Regional Comprehensive Economic Partnership (RCEP)

RECOGNISING that good governance and a predictable, transparent,
and consistent business environment will lead to the improvement of
economic efficiency and the development of trade and investment;

REAFFIRMING the right of each Party to regulate in pursuit of legitimate
public welfare objectives;

RECOGNISING that the three pillars of sustainable development are
interdependent and mutually reinforcing, and that economic partnership
can play an important role in promoting sustainable development; and

FURTHER RECOGNISING the positive effect that regional trade
agreements and arrangements can have in accelerating regional and
global trade and investment liberalisation, and their role in strengthening
the open, free, and rules-based multilateral trading system,

HAVE AGREED AS FOLLOWS:

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