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    REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT (RCEP)

    The negotiations of the Regional Comprehensive Economic Partnership between ASEAN and the six states with which ASEAN has existing FTAs (including China, Korean, Japan, India, Australia and New Zealand) were launched from May 9th, 2013. The negotiation progress was concluded in November 2019, except India - decided to opt out of RCEP. 15 RCEP member countries (except India) signed RCEP on 15 November 2020. This RCEP Agreement will enter into force 60 days after six ASEAN Member States and three non ASEAN Member States have ratified the Agreement.

    The Regional Comprehensive Economic Partnership (RCEP) Agreement is an agreement to broaden and deepen ASEAN’s engagement with Australia, China, Japan, Korea and New Zealand. Together, these RCEP participating countries account for about 30% of the global GDP and 30% of the world population. The objective of the RCEP Agreement is to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership that will facilitate the expansion of regional trade and investment and contribute to global economic growth and development. Accordingly, it will bring about market and employment opportunities to businesses and people in the region. The RCEP Agreement will work alongside and support an open, inclusive, and rules-based multilateral trading system.

    CONTENT OF THE AGREEMENT

    RCEP Full Text

    Preamble

    Chapter 1: Initial Provisions and General Definitions

    Chapter 2: Trade in Goods

    Chapter 3: Rules of Origin

    Annex 3A. Product Specific Rules

    Annex 3B. Minimum Information Requirements

    Chapter 4: Customs Procedures and Trade Facilitation

    Annex 4A. Period of Time to Implement the Commitments

    Chapter 5: Sanitary and Phytosanitary Measures

    Chapter 6: Standards, Technical Regulations, and Conformity Assessment Procedures

    Chapter 7: Trade Remedies

    Annex 7A: Practices Relating to Anti-Dumping and Countervailing Duty Proceedings

    Chapter 8: Trade in Services

    Annex 8A: Financial Services

    Annex 8B: Telecommunication Services

    Annex 8C: Professional Services

    Chapter 9: Temporary Movement of Natural Persons

    Chapter 10: Investment

    Annex 10A: Customary International Law

    Annex 10B: Expropriation

    Chapter 11: Intellectual Property

    Annex 11A: Party-Specific Transition Periods

    Annex 11B: List of Technical Assistance Requests

    Chapter 12: Electronic Commerce

    Chapter 13: Competition

    Annex 13A: Application of Article 13.3 (Appropriate Measures against Anti-Competitive Activities) and Article 13.4 (Cooperation) to Brunei Darussalam

    Annex 13B: Application of Article 13.3 (Appropriate Measures against Anti-Competitive Activities) and Article 13.4 (Cooperation) to Cambodia

    Annex 13C: Application of Article 13.3 (Appropriate Measures against Anti-Competitive Activities) and Article 13.4 (Cooperation) to Lao PDR

    Annex 13D: Application of Article 13.3 (Appropriate Measures against Anti-Competitive Activities) and Article 13.4 (Cooperation) to Myanmar

    Chapter 14: Small and Medium Enterprises

    Chapter 15: Economic and Technical Cooperation

    Chapter 16: Government Procurement

    Annex 16A: Paper or Electronic Means Utilised by Parties for the Publication of Transparency Information

    Chapter 17: General Provisions and Exceptions

    Chapter 18: Institutional Provisions

    Annex 18A: Functions of the Subsidiary Bodies of the RCEP Joint Committee

    Chapter 19: Dispute Settlement

    Chapter 20: Final Provisions

    Annex I: Schedules of Tariff Commitments: General Notes (Schedules of Tariff Commitments)

    Australia

    Headnote to Schedule of Australia

    Schedule of Australia

    Brunei Darussalam

    Headnote to Schedule of Brunei Darussalam

    Schedule of Tariff Brunei Darussalam

    Cambodia

    Headnote to Schedule of Cambodia

    Schedule of Cambodia

    China

    Headnote to Schedule of China

    Schedule of China

    for ASEAN

    for Australia

    for Japan

    for Korea

    for New Zealand

    Appendix of China in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Indonesia

    Headnote to Schedule of Indonesia

    Schedule of Indonesia

    for ASEAN

    for Australia

    for China

    for Japan

    for Korea

    for New Zealand

    Appendix of Indonesia in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Japan

    Headnote to Schedule of Japan

    Schedule of Japan

    Appendix of Japan in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Korea

    Headnote to Schedule of Korea

    Schedule of Korea

    for ASEAN

    for Australia

    for China

    for Japan

    for New Zealand

    Appendix of Korea in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Laos

    Headnote to Schedule of Laos

    Schedule of Laos

    Malaysia

    Headnote to Schedule of Malaysia

    Schedule of Malaysia

    Schedule of Malaysia Tariff Rate Quota (TRQ)

    Appendix of Malaysia in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Myanmar

    Headnote to Schedule of Myanmar

    Schedule of Myanmar

    New Zealand

    Headnote to Schedule of New Zealand

    Schedule of New Zealand

    Philippines

    Headnote to Schedule of Philippines

    Schedule of Philippines

    for Common Concession

    for Australia and New Zealand

    for China

    for Japan

    for Korea

    Appendix of Philippines in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Singapore

    Headnote to Schedule of Singapore

    Thailand

    Headnote to Schedule of Thailand

    Schedule of Thailand

    Appendix of Thailand in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Viet Nam

    Headnote to Schedule of Viet Nam

    Schedule of Viet Nam

    for ASEAN

    for Australia

    for China

    for Japan

    for Korea

    for New Zealand

    Appendix of Viet Nam in relation to paragraph 3 of Article 2.6 (Tariff Differentials)

    Annex II: Schedules of Specific Commitments for Services

    Schedule of Cambodia

    Schedule of China

    Schedule of Laos

    Schedule of Myanmar

    Schedule of New Zealand

    Schedule of Philippines

    Schedule of Thailand

    Schedule of Viet Nam

    Annex III: Schedules of Reservations and Non-Conforming Measures for Services and Investment

    Schedule of Australia

    Schedule of Brunei Darussalam

    Schedule of Cambodia

    Schedule of China

    Schedule of Indonesia

    Schedule of Japan

    Schedule of Korea

    Schedule of Laos

    Schedule of Malaysia

    Schedule of Myanmar

    Schedule of New Zealand

    Schedule of Philippines

    Schedule of Singapore

    Schedule of Thailand

    Schedule of Viet Nam

    Annex IV: Schedules of Specific Commitments on Temporary Movement of Natural Persons

    Schedule of Australia

    Schedule of Brunei Darussalam

    Schedule of Cambodia

    Schedule of China

    Schedule of Indonesia

    Schedule of Japan

    Schedule of Korea

    Schedule of Laos

    Schedule of Malaysia

    Schedule of Myanmar

    Schedule of New Zealand

    Schedule of Philippines

    Schedule of Singapore

    Schedule of Thailand

    Schedule of Viet Nam

    Ministers’ Declaration on India’s Participation in RCEP