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RCEP officially entered into force On Jan1st 2022
On Jan1st 2022, 10 countries (Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam 6 ASEAN member states and China, Japan, New Zealand, Australia 4 non-ASEAN member states) RCEP officially entered into force, which means that it represents a global scale 90% of goods in the largest integrated market end up with zero tariffs.
RCEP countries pledged to each other to clear the rotten products of fresh food and agriculture within 6 hours, which will greatly benefit the development of agricultural products.
