Disclaimer: This is a summary of the RCEP Agreement, which captures only the salient elements of the 20 Chapters in the RCEP Agreement. This does not intend to interpret specific provisions in the RCEP Agreement and is therefore without prejudice to any legal interpretation or opinion that may be required in the course of its implementation.

The Regional Comprehensive Economic Partnership (RCEP) Agreement is an agreement to broaden and deepen ASEAN’s engagement with Australia, China, Japan, Korea and New Zealand. Together, these RCEP participating countries account for about 30% of the global GDP and 30% of the world population. The objective of the RCEP Agreement is to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership that will facilitate the expansion of regional trade and investment and contribute to global economic growth and development. Accordingly, it will bring about market and employment opportunities to businesses and people in the region. The RCEP Agreement will work alongside and support an open, inclusive, and rules-based multilateral trading system.

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