Topic - Regional Comprehensive Economic Partnership

Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing free trade agreements (Australia, China, India, Japan, South Korea and New Zealand). - Source: Wikipedia

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FILE - In this May 3, 2020, file photo, containers are loaded on a ship at the Saigon port in Ho Chi Minh city, Vietnam. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic. The Regional Comprehensive Economic Partnership, or RCEP, is to be signed virtually on Sunday, Nov. 15, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations. (AP Photo/Hau Dinh, File)

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Indian Prime Minister Narendra Modi, left, and Chinese Premier Li Keqiang pose for a group photo at The Regional Comprehensive Economic Partnership Association of Southeast Asian Nations (ASEAN) summit in Nonthaburi, Thailand, Monday, Nov. 4, 2019. (AP Photo/Wason Wanichakorn)

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Japanese Prime Minister Shinzo Abe, center, joins hands with trade ministers from Asian countries for a group photo during the Regional Comprehensive Economic Partnership (RCEP) meeting in Tokyo Sunday, July 1, 2018. Trade ministers from 16 Asian countries are meeting in Tokyo on a regional trade pact, highlighting efforts to ensure free and rules-based commerce in the face of an increasingly protectionist United States under President Donald Trump. (Sadayuki Goto/Kyodo News via AP)

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