The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among 15 member countries in the Asia-Pacific region.

RCEP aims to enhance economic integration and promote trade and investment among its member nations.

It covers a wide range of areas, including trade in goods and services, investment, intellectual property rights, e-commerce, and economic cooperation.

This agreement is significant because it is the world’s largest trade bloc, accounting for about 30% of the global gross domestic product.

RCEP provides member countries with improved market access, reduced tariffs, and increased business opportunities.