RCEP mega trade pact enters into force for 10 participating countries

The Regional Comprehensive Economic Partnership (RCEP) agreement enters into force on Saturday (Jan 1) for 10 participating countries, paving the way for the creation of the world’s largest free trade area.

The countries are Australia, Brunei, Cambodia, China, Japan, Laos, New Zealand, Singapore, Thailand, and Vietnam, according to the ASEAN Secretariat.

“The RCEP agreement will also enter into force on Feb 1, 2022 for South Korea,” the secretariat said in a statement. “As for the remaining signatory states, the agreement will enter into force 60 days after the deposit of their respective instrument of ratification, acceptance, or approval to the secretary-general of ASEAN as the depositary of the agreement.”

In full: https://www.theedgemarkets.com/article/rcep-mega-trade-pact-enters-force-10-participating-countries

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