Regional Comprehensive The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among the Asia-Pacific nations

ns of Australia, Brunei,
Economic Partnership Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and
(RCEP) - 2022 Vietnam.The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7
trillion), making it the largest trade bloc in history.Signed in November 2020, RCEP is the first free trade agreement among the largest
economies in Asia, including China, Indonesia, Japan, and South Korea.
The RCEP includes a mix of high-,[note 1] middle-,[note 2] and low-income countries.[note 3] It is expected to eliminate about 90% of the
tariffs on imports between its signatories within 20 years of coming into force, and establish common rules for e-commerce, trade, and
intellectual property.[4] Several analysts predicted that it would offer significant economic gains for signatory nations, boost post-
pandemic economic recovery, as well as "pull the economic centre of gravity back towards Asia, with China poised to take the lead in
writing trade rules for the region," leaving the United States behind in economic and political affairs in the region.
United States–Mexico– The United States Mexico Canada Agreement (USMCA) entered into force on July 1, 2020, is an updated version of the nearly 25-year-
Canada Agreement old, trillion-dollar North American Free Trade Agreement (NAFTA). It includes major changes on cars and new policies on labor and
(USMCA) - 2020 environmental standards, intellectual property protections, and some digital trade provisions.
Here’s a brief overview of what’s in it:
 Country of origin rules: Automobiles must have 75 percent of their components manufactured in Mexico, the US, or Canada to qualify for
zero tariffs (up from 62.5 percent under NAFTA).
 Labor provisions: 40 to 45 percent of automobile parts must be made by workers who earn at least $16 an hour by 2023. Mexico agreed to
pass new labor laws to give greater protections to workers, including migrants and women. Most notably, these laws are supposed to make it
easier for Mexican workers to unionize.
 US farmers get more access to the Canadian dairy market: The US got Canada to open up its dairy market to US farmers, a big issue for
Trump.
 Intellectual property and digital trade: The deal extends the terms of copyright to 70 years beyond the life of the author (up from 50). It
also includes new provisions to deal with the digital economy, such as prohibiting duties on things like music and ebooks, and protections for
internet companies so they’re not liable for content their users produce.
 Sunset clause: The agreement adds a 16-year sunset clause — meaning the terms of the agreement expire, or “sunset,” after 16 years. The deal
is also subject to a review every six years, at which point the US, Mexico, and Canada can decide to extend the USMCA
African Continental Free Trade Area[2] - 2019

Andean Community - 1969

ASEAN Free Trade Area (AFTA) - 1992[3]

ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) - 2010[4]

Asia-Pacific Trade Agreement (APTA) - 1975

Central American Integration System (SICA) - 1993

Central European Free Trade Agreement (CEFTA) - 1992[5]

Common Market for Eastern and Southern Africa (COMESA) - 1994

Commonwealth of Independent States Free Trade Area (CISFTA) - 2011[6]

Greater Arab Free Trade Area (GAFTA) -1997[7]

Dominican Republic–Central America Free Trade Agreement (DR-CAFTA) - 2004

East African Community (EAC) - 2005

Economic Cooperation Organization Trade Agreement (ECOTA) - 2003

Eurasian Economic Union (EAEU) - 2015

European Economic Area (EEA; European Union–Norway–Iceland–Liechtenstein) - 1994

European Free Trade Association (EFTA) - 1960

European Union Customs Union (EUCU; European Union–Turkey–Monaco–San Marino–Andorra) - 1958

G-3 Free Trade Agreement (G-3) - 1995

Gulf Cooperation Council (GCC) - 1981

International Grains Agreement - 1995 Comprising a Grains Trade Convention (GTC) and a Food Aid Convention (FAC)
Organization of the Black Sea Economic Cooperation (BSEC) - 1992

Pacific Alliance Free Trade Area (PAFTA) - 2012[8]

South Asian Free Trade Area (SAFTA) - 2004[9]

Southern African Development Community Free Trade Area (SADCFTA) - 1980

Southern Common Market (MERCOSUR) - 1991

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - 2018

United States–Mexico–Canada Agreement (USMCA) - 2020[10]

Regional Comprehensive Economic Partnership (RCEP) - 2022