2021
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Question
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11
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12
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20
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15
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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: -The Regional Comprehensive Economic Partnership (“RCEP") Agreement is a Free Trade Agreement (“FTA”) between 15 countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, Australia, China, Japan, Republic of Korea, and New Zealand.
Detailed explanation-3: -Of these 8 countries, three countries, viz. India, Malaysia and Cuba have ratified it.
Detailed explanation-4: -The Philippines and Myanmar are the only countries yet to ratify the Regional Comprehensive Economic Partnership (RCEP) after Indonesia cemented its membership of the China-backed trade deal this week.