Regional Comprehensive Economic Partnership (RCEP) means it
is a Free Trade Agreement (FTA) between 10 ASEAN countries and Six countries already
trade existing.The RCEP agreement is a alternative to TPP agreement to exclude China
and to include Asia and America these were formed in ASEAN Cambodia Summit.
Objectives for Negotiation RCEP
-The RCEP is highly comprehensive in following the quality
guidelines of WTO.
-To receive high level of tariffs between the member
countries.
-These based on four pillars of promotion, protection,
facilitation and liberalization.
List of Regional Comprehensive Economic Partnership (RCEP) Member Countries
Indonesia
Malaysia
Philippines
Singapore
Thailand
Brunei
Vietnam
Laos
Myanmar
Cambodia
China
Japan
South Korea
India
Australia
New Zealand