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Interoceanic Passages

Abivin

Passages, capes, and straits are defined as geographical areas through which international shipping routes must transit. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. Potential for closure or interruption. Gibraltar and Suez during World War II).

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Enter RCEP: The World’s Largest Free Trade Agreement

Logistics Viewpoints

These include: tariff elimination on at least 92 percent of goods traded between RPCs; simplified customs procedures to expedite the clearance of cargo, with a six-hour ceiling for express and perishable items; and easing of rules of origin definitions.

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