The Regional Comprehensive Economic Partnership (RCEP), comprising 15 member countries – including China and covering approximately 30 per cent of the world’s population and global gross domestic product – took effect for most members on January 1. Photo: Xinhua
The Regional Comprehensive Economic Partnership (RCEP), comprising 15 member countries – including China and covering approximately 30 per cent of the world’s population and global gross domestic product – took effect for most members on January 1. Photo: Xinhua

Explainer |
What is RCEP, the world’s largest free trade deal that is under way?

  • Regional Comprehensive Economic Partnership (RCEP) trade agreement took effect for most of the 15 member countries on January 1
  • It is the world’s largest free trade agreement, as it covers nearly a third of the global population and about 30 per cent of its global gross domestic product

Topic |   Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP), comprising 15 member countries – including China and covering approximately 30 per cent of the world’s population and global gross domestic product – took effect for most members on January 1. Photo: Xinhua
The Regional Comprehensive Economic Partnership (RCEP), comprising 15 member countries – including China and covering approximately 30 per cent of the world’s population and global gross domestic product – took effect for most members on January 1. Photo: Xinhua
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