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Regional Comprehensive Economic Partnership (RCEP): the world’s largest Free Trade Area and business opportunities in the Asia Pacific region

On 15 November 2020, all ASEAN Member States (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam), Australia, China, Japan, New Zealand and the Republic of Korea (each a “Member State” and, collectively, “Member States”) signed the Regional Comprehensive Economic Partnership Agreement (“RCEP” or “Agreement”) during a virtual summit hosted by Vietnam. Once ratified, Member States will begin their respective domestic implementation processes to bring the Agreement into force.

Source WTS

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