In brief On 15 November 2020, the Association of Southeast Asian Nations (ASEAN) member states (including Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Brunei, Cambodia, Myanmar and Laos), China, Japan, Korea, Australia and New Zealand signed the Regional Comprehensive Economic Partnership (RCEP). As the world's largest trade bloc, the RCEP covers trade in goods/services, investment, economic and technical cooperation, intellectual property (IP) and e-commerce, among others.