RCEP enters into force in 2021 as driving force for economic recovery

The recently signed Regional Comprehensive Economic Partnership (RCEP) agreement, which forms the world’s largest trade bloc, is expected to become a driving force for the economic recovery of the Asia-Pacific region from the unprecedented impact of the Covid-19 pandemic. Signed on November 15, 2020, the pact’s 15 members include the 10 countries of ASEAN (Association of Southeast Asian Nations), Australia, China, Japan, the Republic of Korea (RoK), and New Zealand.