RCEP Explained: The World’s Biggest Trading Bloc Will Soon be in Asia-Pacific
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Two years on, RCEP injects strong momentum into regional economic integration and development The Regional Comprehensive Economic Partnership (#RCEP), which entered into force on Jan. 1, 2022, comprises 15 Asia-Pacific countries -- 10 member states of the ASEAN, #China, Japan, the Republic of Korea, Australia, and New Zealand. Over the past two years, regional trade costs have significantly decreased, and the industrial and supply chains have become more closely linked, benefiting an expanding r
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