The RCEP will eventually remove as much as 90 per cent of the tariffs on imports between its member countries. Photo: AP
The RCEP will eventually remove as much as 90 per cent of the tariffs on imports between its member countries. Photo: AP

Explainer |
What is RCEP and what does an Indo-Pacific free-trade deal offer China?

  • The world’s biggest free-trade agreement by population and GDP will bring huge tariff cuts for its Asean and Pacific Rim signatories, including China
  • But the agreement is less open and comprehensive than the 11-member CPTPP, which involves some of the same countries along with the United States

The RCEP will eventually remove as much as 90 per cent of the tariffs on imports between its member countries. Photo: AP
The RCEP will eventually remove as much as 90 per cent of the tariffs on imports between its member countries. Photo: AP
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