What is ‘RCEP’?
“RCEP” = ‘Regional Comprehensive Economic Partnership’ (RCEP) a proposed free trade agreement (FTA) between the 10 member states of the Association of Southeast Asian Nations (ASEAN):
- Brunei
- Cambodia
- Indonesia
- Laos
- Malaysia
- Myanmar
- the Philippines
- Singapore
- Thailand
- Vietnam
and the 6 states with which ASEAN has existing FTAs:
- Australia
- China
- India
- Japan
- Korea
- New Zealand
Why do I care?
If RCEP is implemented, it will represent:
- 1/3 of global GDP
- 1/2 the world’s population
- 40% of global trade
Certainly has to be some business development opportunities in that…
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