Regional Comprehensive Economic Partnership

RCEP: The world’s largest commercial agreement and its consequences on global hegemony.

RCEP: The world’s largest commercial agreement and its consequences on global hegemony.

BY: Begona Arechalde PEJOURNAL - The Regional Comprehensive Economic Partnership (RCEP) is a project for the expansion of the free trade area in Asia and Oceania that began to be forged in 2012. After 8 years of negotiations, the ten ASEAN countries (the Association of Southeast Asian Nations, that includes Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Myanmar, Cambodia, Laos and Brunei), China, Japan, South Korea, Australia and New Zealand reached an agreement on November 15 that encompasses 30% of the world’s GDP and 2.1 million people. The meeting, held by videoconference due to COVID-19 safety reasons, was attended by…
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