The Regional Comprehensive Economic Partnership on Trade (RCEP) brings together 15 nations in an FTA.
- includes the 10 members of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, Vietnam, and Singapore) along with Australia, China, Japan, South Korea, and New Zealand.
Initial participants, whose who have ratified the agreement:
- Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, Australia, New Zealand, Japan and China
- the pact will enter into effect for these 10 countries first
It will take effect from 1 January 1 next year
