The Regional Comprehensive Economic Partnership (RCEP) is a multilateral free-trade agreement made up of 10 Asean member countries and China, Japan, South Korea, Australia and New Zealand.
In force since January 2022, the agreement covers pertinent areas of economic cooperation among member states, including tariff elimination and reduction, opening up of markets for service providers, promotion of investments, information exchange, protection of intellectual property rights, and acceleration of e-commerce, among others.
