About RT4D
The Regional Trade for Development (RT4D) initiative is funded by both the Governments of Australia and New Zealand. It assists ASEAN Member States (AMS) in meeting their commitments and realising the advantages offered by the Agreement establishing the ASEAN-Australia-New Zealand Free Trade Area, or AANZFTA, and the Regional Comprehensive Economic Partnership, or RCEP.
Through the AANZFTA Implementation Support Program (AISP) and the RCEP Implementation Support Program (RISP), RT4D provides tailored support to enhance the capabilities of ASEAN Member States by strengthening skills, building networks, facilitating policy options and ensuring that trade benefits everyone, including Micro, Small and Medium Enterprises (MSMEs), women and people with disabilities.
The Governments of Australia and New Zealand have committed up to AUD 48.7 million to fund RT4D from 2020-21 to 2027-28.
Project Summary
The RCEP Implementation Support Program (RISP), implemented by the RT4D Facility, aims to support AMS to realise the full benefits of RCEP through the provision of capacity-building support and access to technical expertise.
The following project is approved under RISP.
• Project name: Promoting the utilisation of RCEP, especially in digital trade, through better understanding and enhanced engagement of the private sector, MSMEs and women-led businesses.
• Project Objectives: In celebration of the third anniversary of RCEP’s entry into force, this project aims to reinforce the practical utilization of RCEP commitments by MSMEs and women-led enterprises through the following objectives:
o to assess the awareness and utilization of RCEP among MSMEs, women led businesses in Viet Nam, identifying gaps and areas for improvement.
o to address identified gaps by raising awareness and improving communication on RCEP benefits among MSMEs and women-led enterprises, especially in digital trade, through capacity-building workshops and the development of user-friendly materials to enhance understanding and utilization.
o to strengthen collaboration between the MSMEs and women-led enterprises, and policymakers to improve FTA implementation and support.