RCEP information

For business

RCEP will have the potential to deliver significant opportunities to Australian businesses and consumers. RCEP will cover 9 of Australia's top 13 trading partners, and collectively RCEP participating countries will account for a combined GDP of US$23.8 trillion (2016). These countries account for almost 60 per cent of Australia's total two way trade, and over 65 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 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.

Australian FTAs with RCEP participating countries

Australia has existing trade agreements with:

Australia is negotiating trade and economic partnership agreements with:

FTAs among RCEP participating countries

The six ASEAN FTA Partners have concluded nine out of 15 possible bilateral FTAs (two bilateral negotiations are ongoing, one bilateral negotiation has paused and three bilateral relationships have no bilateral FTA engagement). China, Japan and Korea are negotiating a trilateral FTA.

ASEAN* Australia China India Japan Korea New Zealand
ASEAN* # 1 2 #
Australia #
China
India 1
Japan 2 ❚❚
Korea ❚❚
New Zealand #
Key
FTA concluded, signed and in force
FTA under negotiation
❚❚ Negotiations paused
Notes
* Does not cover individual ASEAN Member States’ bilateral FTAs.
# Protocol to amend AANZFTA has entered into force for all Parties except Indonesia.
1 Services & Investment agreements have entered into force for all Parties, except Indonesia and Cambodia (Services and Investment) and Lao PDR (Investment).
2 Services & Investment agreements concluded but not signed.

Other information

DFAT maintains up-to-date country and regional factsheets containing economic data about each of the RCEP participating countries.

DFAT also provides Trade Resources, and a visualisation of Australia’s Participation in Regional Economic Architecture.

Last Updated: 3 May 2017

 

Contact us

  • Email: rcep@dfat.gov.au
  • Fax: +61 2 6261 2187
  • Mail:
    RCEP Enquiries
    Free Trade Agreement Division
    Department of Foreign Affairs and Trade
    R.G. Casey Building
    John McEwen Crescent
    Barton ACT 0221

For media enquiries, please call DFAT's Media Liaison Section: (02) 6261 1555.