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Regional Comprehensive Economic Partnership (RCEP)

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Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement (FTA) involving the 10 member states of the Association of Southeast Asian Nations (Asean) bloc and five of their FTA partners. The RCEP will eliminate as much as 90 per cent of the tariffs on imports between its signatories within 20 years of coming into effect. Fifteen Asia-Pacific nations signed the agreement on November 15, 2020.
Chief Executive John Lee speaks at the South China Morning Post’s GBA-Asean Summit 2026 on June 30, which also saw the launch of an Asean chamber of commerce in the city. Photo: May Tse
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Chi Fulin, president of the China Institute for Reform and Development, speaks at an RCEP forum in Hainan on Saturday. Photo: Handout
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A cargo ship sails into the port in Qingdao in China’s Shandong province on Monday. Photo: AFP
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US President Donald Trump looks on as people wave Malaysian national flags before he departs on Air Force One from Kuala Lumpur International Airport on October 27. Photo: AFP
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Participants attend the 20th East Asia Summit in Kuala Lumpur on Monday. Photo: AP
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An Association of Southeast Asian Nations logo is displayed ahead of Asean Foreign Ministers Meeting in Langkawi Island, Malaysia, in January. Photo: EPA-EFE
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An Indonesian security employee looks at containers being loaded onto transport trucks at the Jakarta International Container Terminal at Tanjung Priok Port in Jakarta, Indonesia, on July 9. Photo: EPA / Bagus Indahono
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US Secretary of the Treasury Scott Bessent speaks to Chinese Vice-Premier He Lifeng in Geneva, Switzerland, on May 10. Photo: Handout via Reuters
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