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RCEP to enter into force in January 2022

The Regional Comprehensive Economic Partnership (RCEP), the largest free trade agreement by aggregated GDP of its members signed on November 15, 2020, will enter into effect on January 1, 2022.

The ASEAN Secretariat announced that as of November 2, 2021, six ASEAN members (Brunei, Cambodia, Laos, Singapore, Thailand, and Vietnam) had ratified the agreement together with Australia, China, Japan, and New Zealand. According to t