All about World’s largest trade deal RCEP In the following article, we are going to explain what exactly RCEP is. The Regional Comprehensive Economic Partnership is also known as the world’s largest trade deal. The agreement is becoming more and more dominant in the global economy as we know it today. RCEP allows and regulates business transactions of many kinds within its territory. Due to its major impact on the global and local economy, it is important to know about this trade agreement. Reading through the following pages you will get a deeper understanding of this deal. As a small or medium-sized enterprise, you might also find out if you can benefit from this. The world’s largest free trade pact, the Regional Comprehensive Economic Partnership (RCEP), could help export-reliant Asian companies and may be good diplomacy, experts say. What is RCEP, the world’s largest free trade deal? Initially conceived in Bali in 2011, RCEP is the world’s largest trade agreement ever. It is also known as the Regional Comprehensive Economic Partnership. This deal operates as a free trade agreement between many dominant players throughout the world. It was introduced at the 19th ASEAN (Association of Southeast Asian Nations) summit. Throughout the next decade, negotiations were held and all member countries have been finalizing their conditions and signed the deal. Its current 15 member nations account for over one-third of the global population. RCEP will cover about 30% of global gross domestic product (GDP), worth $26.2 trillion (€23.17 trillion). This makes