In force as of January 1, 2022, the regional comprehensive economic partnership (RCEP) was predicted to have an overall financial effect amounting to close to 42 billion U.S. dollars across its fifteen member countries in the Asia-Pacific region. Japan was forecast to be the biggest beneficiary, with economic effects of over 20 billion U.S. dollars. The country would experience the biggest growth in exports among RCEP members.
With its fifteen member countries, the RCEP constitutes the largest trading bloc worldwide, covering approximately 30.5 percent of the world's gross domestic product.
Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country
(in billion U.S. dollars)
Characteristic
Overall effects
Trade diversion
Trade creation
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Thailand Business News. (January 4, 2022). Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/
Thailand Business News. "Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country (in billion U.S. dollars)." Chart. January 4, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/
Thailand Business News. (2022). Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/
Thailand Business News. "Economic Effects of The Regional Comprehensive Economic Partnership (Rcep) on Trade in Member Countries in The Asia-pacific Region in 2022, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Jan 2022, https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/
Thailand Business News, Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/ (last visited July 22, 2024)
Economic effects of the regional comprehensive economic partnership (RCEP) on trade in member countries in the Asia-Pacific region in 2022, by country (in billion U.S. dollars) [Graph], Thailand Business News, January 4, 2022. [Online]. Available: https://www.statista.com/statistics/1284598/apac-economic-effects-rcep-free-trade-agreement-by-country/