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Regional Comprehensive Economic Partnership

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among the Asia-Pacific countries

 

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The 15 member countries making it the largest trade bloc in history. RCEP is the first free trade agreement among the largest economies in Asia, including China, Indonesia, Japan, and South Korea and includes a mix of high and low-income countries. RCEP offer significant economic gains for signatory states, boost post-pandemic economic recovery, as well as "pull the economic centre of gravity back towards Asia, with China poised to take the lead in writing trade rules for the region," leaving the United States behind in economic and political affairs in the region..

 

RCEP member regions
Asia and Eurasia   Pacific Islands
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Member regions Population by country Internet user by country Active Ads and services
       
Commenwealth of Australia 27 199 000 25 309 515 0
State of Brunei 455 400 406 705 0
Kingdom of Cambodia 17 091 466 5 441 827 0
People's Republic of China 1 409 670 000 1 102 140 000 0
Republic of Indonesia 279 118 866 215 626 156 0
Japan 123 970 000 117 400 000 0
Democratic People's Republic of Korea 26 072 217 - 0
Lao People's Democratic Republic 7 749 595 1 740 517 0
Malaysia 33 200 000 25 343 685 0
Republic of the Union of Myanmar 57 526 449 23 650 000 0
New Zealand 5 358 270 4 999 353 0
Republic of the Philippines 114 163 719 73 003 313 0
Republic of Singapore 5 917 600 4 821 119 0
Kingdom of Thailand 69 920 958 54 043 108 0
Socialist Republic of Vietnam 100 300 000 68 172 134 0
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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