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Glossary: RCEP

Photo: Economic Partnership
Photo: Economic Partnership

Acronym in full: Regional Comprehensive Economic Partnership

Regional Comprehensive Economic Partnership (RCEP) is a Free Trade Agreement (FTA) scheme of the 10 ASEAN Member States and its FTA Partners (Australia, China, India, Japan, Korea and New Zealand) to be concluded by the end of 2017. RCEP negotiations were launched by the Leaders of the 16 participating countries at the East Asia Summit in November 2012. The core of the negotiating agenda covers goods trade, trade in services, investment, economic and technical cooperation, and dispute settlement.


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Related terms: ASEAN, FTA, RTA




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