Regional Comprehensive Economic Partnership
The Regional Comprehensive Economic Partnership is a free trade agreement for the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.[2]
 RCEP members | |
| Type | Free trade agreement |
|---|---|
| Signed | 15 November 2020 |
| Location | Hanoi, Vietnam (virtual host) |
| Effective | 1 January 2022 |
| Signatories | 15 |
| Parties | 14
|
| Depositary | Secretary-General of ASEAN[1] |
| Language | English (lingua franca)[1] |
The 15 member countries make up about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion). It is the largest trade bloc in history.[3] It was signed in November 2020. RCEP is the first free trade agreement for the largest economies in Asia, including China, Indonesia, Japan, and South Korea.[4]
Regional Comprehensive Economic Partnership Media
2020 Asia-Pacific free trade agreement
Flag of Australia (converted)
Flag of Brunei Darussalam
Flag of Cambodia
Flag of the People's Republic of China
bendera Indonesia
Flag of Laos
Flag of Malaysia – Jalur Gemilang (Stripes of Glory)
Flag of Myanmar
.svg)
References
- ↑ 1.0 1.1 "Final Provisions" (PDF). Chinese Ministry of Commerce. Archived (PDF) from the original on 10 December 2020.
- ↑ "World Bank: RCEP Initiator is Indonesia, Not China". CNBC. 30 November 2020. Retrieved 30 November 2020.
- ↑ "India stays away from RCEP talks in Bali". Nikkei Asian Review (Jakarta). 4 February 2020. https://asia.nikkei.com/Economy/Trade/India-stays-away-from-RCEP-talks-in-Bali. Retrieved 4 February 2020.
- ↑ "What is RCEP and what does an Indo-Pacific free-trade deal offer China?" (in en). South China Morning Post. 12 November 2020. https://www.scmp.com/news/china/diplomacy/article/3109436/what-rcep-and-what-does-indo-pacific-free-trade-deal-offer. Retrieved 15 November 2020.
