General TradingR

Regional Comprehensive Economic Partnership (RCEP)

A free trade agreement among 15 Asia-Pacific nations, including China, Japan, South Korea, Australia, and ASEAN members. It is the world's largest trade bloc by GDP and population, aiming to reduce tariffs and establish common trade rules.

Example

“After RCEP took effect, auto parts manufacturers in Thailand benefited from reduced tariffs when exporting to Japan, making Asian supply chain stocks more attractive to investors.”