RCEP will have the potential to deliver significant opportunities to Australian businesses. The RCEP will cover 9 of Australia's top 12 trading partners, and collectively RCEP participating countries will account for a combined GDP of US$21 trillion. These countries account for almost 60 per cent of Australia's total two way trade, and 70 per cent of our exports.
DFAT background papers
For more information on doing business with RCEP participating countries, or about specific export opportunities, please refer to the Australian Trade Commission (Austrade) website. Austrade's AANZFTA website has further information about doing business in ASEAN.
Other FTAs with RCEP participating countries
Other FTAs between and among the RCEP participating parties will co-exist. Businesses will be able to decide which FTA they will use, based on a range of factors such as the tariffs and associated rules of origin applied. Many Australian export businesses currently make these assessments, for example, between SAFTA or TAFTA and AANZFTA.
Australia has existing trade agreements with:
Australia is negotiating trade and economic partnership agreements with:
Australia and six other RCEP countries are also negotiating a Trans-Pacific Partnership Agreement (TPP).
DFAT maintains up-to-date country and regional factsheets containing economic data about each of the RCEP participating countries.