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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.
The United Nations General Assembly Hall in New York on March 25. Governments increasingly face the same demand: prove the depth of your commitment by closing the door on everyone else. Photo: Zuma press wire / dpa
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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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Malaysia’s Prime Minister Anwar Ibrahim delivers a speech at the Asean Secretariat in Jakarta on July 29. Photo: AFP
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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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