由東協十國發起，加上中國、日本、韓國、澳洲、紐西蘭共15 國構成的自由貿易協定。印度原本在發起國之列，因為擔心遭到中國商品傾銷，於2020 年退出談判。即便不含印度，這個協定的經濟規模仍高達25.3 兆美元，各國國內生產毛額(GDP）總和約占全球29%。目前各國已簽署，至少9 個成員國國內已經批准生效，其他簽署國正等待國內批准。
目前台灣不在RCEP 範疇裡(有中國在內就不太可能加入)。雖然RCEP 國家和台灣的雙邊貿易額佔台灣總出口57.6%，但因為台灣已經和多個國家簽訂雙邊貿易協定，已經享有和RCEP 相近的降稅幅度，所以短期衝擊小，但還是要持續關注中長期的影響。
Was enacted in 2020
Initiated by the 10 ASEAN countries and further developed by China, Japan, Korea, Australia, and New Zealand, it forms a free trade agreement between 15 countries. India was originally one of the initiating countries, but opted out of the negotiation in 2020 due to concerns over a surge in imports from China. Even without India, the economic scale in this agreement is still staggeringly high at 25.3 trillion USD, with the total combined GDP of all the signatory nations accounting for 29% of the world’s GDP. So far the agreement has been signed by the various countries, with at least nine member states having approved for it to domestically take effect with other signatories pending domestic approval.
Taiwan is currently not part of the RCEP (not ever likely as long as China is a signatory). Although bilateral trade volume between RCEP countries and Taiwan accounts for 57.6% of Taiwan’s total exports, with the various bilateral trade agreements Taiwan has already signed with many countries, thus, benefiting from a tariff reduction similar to RCEP, the short-term impact on Taiwan will be low, but the long-term impact must be monitored closely.