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How will RCEP shape geopolitical landscape in the Asia-Pacific?

After eight years of negotiation, the Regional Comprehensive Economic Partnership (RCEP) was signed into a formal trade agreement on 15th November 2020 at the 37th ASEAN Summit. The deal includes ten members of the Association of Southeast Asian Nations (ASEAN), the Peopleโ€™s Republic of China (PRC), Japan, South Korea, Australia, and New Zealand. According to the ASEAN Secretariat, the RCEP is the worldโ€™s largest trade bloc, which accounts for 30% of the global population, 30% of the global GDP and 28% of the global trade. More importantly, it is the second mega-trade agreement in Asia after the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) that excludes both the United States and India. Aside from the fact that the RCEP is a historical milestone, this massive deal will shape the geopolitical landscape in the Asia Pacific in four fundamental ways.

Full article available: https://www.khmertimeskh.com/50794262/how-will-rcep-shape-geopolitical-landscape-in-the-asia-pacific/

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