Acronym · Policy, Trade & Geopolitics
RCEP (Regional Comprehensive Economic Partnership)
A free trade agreement among fifteen Asia-Pacific economies covering tariff reduction, common rules of origin and services trade, forming one of the largest trading blocs by combined output.
- Type
- Acronym
- Domain
- Policy, Trade & Geopolitics, Institutions and agreements
Notes
Its cumulative rules of origin make it easier for multi-country electronics supply chains within Asia to qualify for preferences.
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