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Home News Current Affairs Global

What is Regional Comprehensive Economic Partnership?

October 10, 2020
in College+, Global, High School, Money & Entrepreneurship, National
Reading Time: 4min read
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What is Regional Comprehensive Economic Partnership?

RCEP

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RCEP stands for Regional Comprehensive Economic Partnership. It is an agreement between the members of the ASEAN countries and their FTA (Free Trade Agreement) partners. It deals with trade in goods and services, etc.

It was first introduced in the 19th ASEAN summit held in Indonesia, and discussions started from the 21st summit held in Cambodia.

Objective

It aims to integrate the markets of 16 countries and intends to free the flow of goods and services across all these countries without any barriers.

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Citations :

Skillioma (March 6, 2021) What is Regional Comprehensive Economic Partnership?. Retrieved from https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/.
"What is Regional Comprehensive Economic Partnership?." Skillioma - March 6, 2021, https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/
"What is Regional Comprehensive Economic Partnership?." Skillioma - Accessed March 6, 2021. https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/
Skillioma May 10, 2020 What is Regional Comprehensive Economic Partnership?., viewed March 6, 2021,<https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/>
Skillioma - What is Regional Comprehensive Economic Partnership?. [Internet]. [Accessed March 6, 2021]. Available from: https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/
"What is Regional Comprehensive Economic Partnership?." Skillioma [Online]. Available: https://www.skillioma.com/what-is-regional-comprehensive-economic-partnership/. [Accessed: March 6, 2021]

 

Power Words :

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Tags: Current EventsRCEPrcep 2019RCEP advantages and disadvantagesrcep agreementRCEP articlercep countriesrcep indiarcep meeting 2019RCEP merits and demeritsrcep summit 2019RCEP UPSCRegional Comprehensive Economic PartnershipWhat is RCEPWhy India opted out from RCEP
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