The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, Japan, New Zealand, and South Korea. Photo: EPA-EFE
The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, Japan, New Zealand, and South Korea. Photo: EPA-EFE

Explainer |
Why haven’t Philippines, Myanmar followed Indonesia and ratified the RCEP trade deal?

  • Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement including the 10 Association of Southeast Asian Nations (Asean)
  • Australia, China, Japan, New Zealand, and South Korea are also members of the world’s biggest trade deal, which took effect in most countries at the start of 2021

The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, Japan, New Zealand, and South Korea. Photo: EPA-EFE
The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, Japan, New Zealand, and South Korea. Photo: EPA-EFE
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