2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Australia
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Malaysia
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Singapore
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China
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Detailed explanation-1: -RCEP entered into force on 1 January 2022 for ten original parties: Australia, Brunei Darussalam, Cambodia, China, Japan, Laos, New Zealand, Singapore, Thailand and Vietnam. RCEP then entered into force for the Republic of Korea on 1 February 2022, for Malaysia on 18 March 2022 and for Indonesia on 2 January 2023.
Detailed explanation-2: -Vietnam and Malaysia are the countries that expect to make the highest gains as per the World Bank. The RCEP would also help Vietnam access large consumer markets double the size of those included in the CPTPP, including China, South Korea, and Japan.
Detailed explanation-3: -Leaders and Ministers from 15 RCEP economies announced the full conclusion of negotiations for RCEP and signed the agreement at a Summit on 15 November 2020. India withdrew from these negotiations in November 2019. There is a fast track accession process in place should India wish to re-join RCEP in future.