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Regional Comprehensive Economic Partnership Agreement

​​​​​​The Minister for Trade, Tourism and Investment Senator the Hon Simon Birmingham signed ​the Regional Comprehensive Economic Partnership Agreement (RCEP) at a virtual signing ceremony on 15 November 2020. Australia signed in Canberra, and the other 14 states signed in their respective territories.

RCEP is a free trade agreement between:

  • Australia
  • Brunei​
  • China
  • Cambodia
  • Indonesia
  • Korea
  • Japan
  • Laos
  • Malaysia
  • Myanmar
  • New Zealand
  • Philippines
  • Singapore
  • Thailand
  • Vietnam

The implementing legislation received the Royal Assent on 25 October 2021.

RCEP can be found at Regional Comprehensive Economic Partnership.

Entry i​​nto force

RCEP entered into force on 1​ January 2022 for:

  • Australia
  • Brunei
  • Cambodia
  • China
  • Japan
  • Laos
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam​​​

RCEP entered into force for Korea on 1 February 2022 and Malaysia on 18 March 2022.

RCEP will enter into force for Indonesia, Myanmar and Philippines 60 days after depositing an instrument of ratification.

Under subsection 153ZQB​(6) of the Customs Act 1901, the Minister must announce by notifiable instrument the day RCEP enters into force for a party other than Australia. An Australian Customs Notice will also be published in advance by the Australian Border Force.