How many member countries are there in Regional Comprehensive Economic Partnership (RCEP)?
How many member countries are there in Regional Comprehensive Economic Partnership (RCEP)?
Explanation
The Regional Comprehensive Economic Partnership is a free trade agreement among the 15 Members
All ten members of ASEAN (excludes candidate member East Timor):
1 Brunei
2 Cambodia
3 Indonesia
4 Laos
5 Malaysia
6 Myanmar
7 Philippines
8 Singapore
9 Thailand
10 Vietnam
The three East Asian members of ASEAN Plus Three:
11 China
12 Japan
13 South Korea
The two Oceanian members of ASEAN Plus Six:
14 Australia
15 New Zealand
The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion)
The RCEP was signed virtually on November 15, 2020, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.
RCEP) was signed virtually, and organized by Vietnam
Effective: 1 January 2022
Language: English
ND12_8_2023