Get Rcep Pics. The 16 countries negotiating the rcep together account for a third of the world fross domestic product (gdp) and almost half the world's population, with the combined gdps. The deal was finally signed on sunday on the sidelines of a virtual summit of the association of southeast asian nations, hosted by vietnam.
The rcep negotiations are based on the guiding principles and objectives for negotiating rcep which was endorsed by the leaders at the time of launching the negotiations. Rcep world's biggest trade deal. Rcep is a mega trade deal among 15 asian nations that would become the world's largest trading bloc.
Rcep is largely driven by asean.
Rcep is a massive proposed trade agreement, some see as a rival or alternative to the transpacific the rcep currently involves the ten member states of the association of southeast asian nations. Rcep world's biggest trade deal. Rcep was launched in november 2012 in phnom penh, cambodia as an initiative by asean to encourage trade among its member states and six other countries. Free trade agreement (fta) and economic partnership agreement (epa).