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RCEP

💰 Financial

Regional Comprehensive Economic Partnership — the world's largest free trade bloc by GDP.

Organization Profile

Member States

15

Domain

Financial

Short Name

RCEP

Member States

🇨🇳China 🇯🇵Japan 🇰🇷South Korea 🇦🇺Australia 🇳🇿New Zealand 🇮🇩Indonesia 🇹🇭Thailand 🇻🇳Vietnam 🇲🇾Malaysia 🇵🇭Philippines 🇸🇬Singapore 🇲🇲Myanmar 🇰🇭Cambodia 🇱🇦Laos 🇧🇳Brunei

📖 About RCEP · 1

◈International Economics › Trade & Global Economy

RCEP Explained — The World's Largest Trade AgreementThe Regional Comprehensive Economic Partnership (RCEP) is the world's largest free trade agreement, covering 15 Asia-Pacific nations that represent 30% of global GDP and population. Effective since 2022, RCEP harmonizes rules of origin, eliminates tariffs on over 90% of goods, and connects China, Japan, and South Korea in a shared trade framework for the first time.

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Related Organizations

International Monetary Fund

Bank for International Settlements