Is China a member of ACFTA and RCEP?

Answered on : 2024-01-23

Sources

CAFTA+RCEP：双协定成中国—东盟经贸合作稳定器

gx.xinhuanet.com

区域全面经济伙伴关系协定》（RCEP - 中国自由贸易区服务网

fta.mofcom.gov.cn

RCEP生效！全球最大自由贸易区正式启航

gov.cn

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Answer

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Yes, China is a member of both ACFTA (ASEAN-China Free Trade Area) and RCEP (Regional Comprehensive Economic Partnership).

ACFTA is a free trade agreement between China and the ASEAN member countries, which include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. China is a significant partner in ACFTA, promoting trade and economic cooperation within the ASEAN region [4].

RCEP is a larger regional trade agreement that includes ASEAN member countries and their trading partners, which comprise China, Japan, South Korea, Australia, and New Zealand. RCEP officially came into effect, covering these countries and promoting extensive economic integration in the Asia-Pacific region [1] [3].

In summary, China is a member of both ACFTA and RCEP, playing a crucial role in regional economic cooperation.