(Last Updated On: March 5, 2021)
On November 15, the Regional Comprehensive Economic Partnership Agreement (RCEP) was officially signed, including 10 ASEAN+5 countries (China, Japan, South Korea, Australia, New Zealand), covering more than 30% of the world’s population, GDP, trade and investment. With the birth of a free trade zone, more than 90% of the goods trade between participating countries will achieve zero tariffs.