RCEP
Organizations & Companies abbreviation · International Organization
| Stands for | Regional Comprehensive Economic Partnership |
|---|---|
| Categories | Organizations & Companies |
RCEP stands for Regional Comprehensive Economic Partnership, an international organization abbreviation.
Free trade agreement among the 10 ASEAN countries and China, Japan, South Korea, Australia and New Zealand, covering about 30 percent of the world's population and GDP, the largest trade bloc by those measures.
Example: Under RCEP, a single set of rules of origin applies across all 15 countries.
Usage notes
Signed in November 2020, it entered into force in January 2022. India took part in negotiations but withdrew in 2019. It is less ambitious than the CPTPP on labor, environment and digital rules, but it was the first free trade agreement linking China, Japan and South Korea.
Related abbreviations
More international organization abbreviations
- OPCW – Organisation for the Prohibition of Chemical Weapons
- OPEC – Organization of the Petroleum Exporting Countries
- OPEC+ – OPEC Plus
- OSCE – Organization for Security and Co-operation in Europe
- PAHO – Pan American Health Organization
- PCA – Permanent Court of Arbitration
- SAARC – South Asian Association for Regional Cooperation
- SADC – Southern African Development Community
- SCO – Shanghai Cooperation Organisation
- UN – United Nations
- UNAIDS – Joint United Nations Programme on HIV/AIDS
- UNCTAD – United Nations Conference on Trade and Development