Explanation
The Regional Comprehensive Economic Partnership is a free trade agreement among the 15 Members All ten members of ASEAN (excludes candidate member East Timor): 1 Brunei 2 Cambodia 3 Indonesia 4 Laos 5 Malaysia 6 Myanmar 7 Philippines 8 Singapore 9 Thailand 10 Vietnam The three East Asian members of ASEAN Plus Three: 11 China 12 Japan 13 South Korea The two Oceanian members of ASEAN Plus Six: 14 Australia 15 New Zealand The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30 % of global GDP ($29.7 trillion) The RCEP was signed virtually on November 15, 2020, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations. RCEP) was signed virtually, and organized by Vietnam Effective : 1 January 2022 Language : English ND12_8_2023
