RCEP Explained: The World’s Biggest Trading Bloc Will Soon be in Asia-Pacific
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An expert explains: What is RCEP, the world’s biggest trade deal?
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"Building a high-level #RCEP requires not only expanding the zero-tariff rate for goods, but also advancing high-level market openness for overall #trade in services within the region," said Chi Fulin, president of China Institute for Reform and Development, at the 2025 RCEP Media & Think Tank Forum on May 25. He stated that a high-level RCEP will be established upon markets and rules, and it will bring about inclusive and sustainable growth within the region. | China Daily
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Two years on, RCEP injects strong momentum into regional economic integration and development The Regional Comprehensive Economic Partnership (#RCEP), which entered into force on Jan. 1, 2022, comprises 15 Asia-Pacific countries -- 10 member states of the ASEAN, #China, Japan, the Republic of Korea, Australia, and New Zealand. Over the past two years, regional trade costs have significantly decreased, and the industrial and supply chains have become more closely linked, benefiting an expanding r
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