02/01/2023  RCEP adds vitality to global economy


The very beginning of 2023 marks the first anniversary of the entry into force of the Regional Comprehensive Economic Partnership (RCEP), as well as the launch of a free trade area with the largest population, the most diverse membership and the greatest development potential.

One year on, the RCEP agreement has shown great vitality, effectively boosting trade among member countries and prospering the regional economy.

The membership of the RCEP comprises 10 Association of Southeast Asian Nations (ASEAN) countries, as well as China, Japan, the Republic of Korea (ROK), Australia and New Zealand.