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. 

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. 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.

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Category:January 2022 events