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RCEP Deeply Integrates Vietnamese Economy to World Economy

Pubtime:2021-03-01Author:Source: Hits:

According to Vietnam Trade Promotion Agency, RCEP (Regional Comprehensive Economic Partnership) contains 15 countries, including 10 ASEAN countries, Australia, Japan, Korea and New Zealand. It is the largest FTA in the world. RCEP is deemed as the largest free trade agreement in the world. Its scale is about 2.2 billion consumers, approximately accounting for 30% of global GDP (USD26.2 trillion). It is expected to establish new development pattern for the region and international trade.