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RCEP

The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement that is often characterised as a China-led response to the Trans-Pacific Partnership (TPP) put forward by the US.

In August 2012, the 16 economic ministers endorsed the Guiding Principles and Objectives for Negotiating the Regional Comprehensive Economic Partnership. The RCEP negotiations were launched by leaders from 10 ASEAN Member States (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam) and six ASEAN FTA partners (Australia, People’s Republic of China, India, Japan, Republic of Korea, and New Zealand) during the 21st ASEAN Summit and Related Summits in Phnom Penh, Cambodia in November 2012.

The pact is currently being negotiated among the ASEAN nations and FTA partners.

It is expected to be signed in 2019 after several delays in negotiations.

There is RCEP tag, marked all articles about this economic pact on the ‘Pan Pacific Agency’ website.

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