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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