Regional Comprehensive Economic Partnership: strengthening ties in Asia-Pacific

The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations (ASEAN) and its major Asia-Pacific trading partners China, Japan, South Korea, India, Australia, and New Zealand.

RCEP countries are considering opening up their markets to between 80% and 92% of all categories of goods. RCEP accounts for half of the world’s population, nearly 30% of global trade and $22.7 trillion in combined gross domestic product.

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http://www.investphilippines.info/arangkada/govt-gearing-up-for-rcep-eu-trade-deal-negotiations-in-2017/