RCEP is the proposed big-regional Free Trade Agreement (FTA) between 16 Asia-Pacific countries including India, China, Japan, South Korea, Australia, New Zealand and the 10-member ASEAN. RCEP The concerns of 15 Asia-Pacific nations including India, over agreeing to give larger market access to Chinese goods without gaining similarly in return, are apparently to take centre-stage in the forthcomingministerial meeting on the Regional Comprehensive Economic Partnership (RCEP).Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Burma (Myanmar), Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing FTAs (Australia, China, India, Japan, South Korea and New Zealand)
iv. RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia. RCEP is viewed as an alternative to the Trans-Pacific Partnership trade agreement, which includes the United States but excludes India and China.
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