Regional Comprehensive Economic Partnership ( RCEP )

Regional Comprehensive Economic Partnership ( RCEP )

It is a proposed free trade agreement (FTA) between 10 member states of Association of Southeast Asian Nations (ASEAN) and its 6 free-trade agreement (FTA) partners- India, China, Japan, South Korea, Australia and New Zealand. 

ASEAN members countries are Cambodia, Brunei, Indonesia, Vietnam, Laos, Malaysia, Philippines, Singapore, Thailand and Myanmar.

RCEP negotiations were formally launched in November 2012 at ASEAN Summit held in Cambodia.