✔ RCEP – Regional Comprehensive Economic Partnership
✔ EFFECTIVE from 01st January 2022
✔ MEMBERS: 10-member ASEAN, China, Japan, South Korea,
Australia and New Zealand
✔ TRADE VOLUME: $5.4 trillion (29% of Global Trade)
✔ POPULATION: About 2.26 billion (30% of World Population)
✔ GDP: $26.3 trillion (30% of Global GDP)
WHAT IT COVERS?
👉 Elimination and/or reduction of import duties
👉 Promotion, facilitation, protection and investment liberalisation
👉 Protection of IP rights, facilitation in e-commerce
👉 Economic and technical cooperation