The term 'Regional Comprehensive Economic Partnership' often appears in the news in the context of the affairs of a group of countries known as
- AG20
- BASEANCorrect
- CSCO
- DSAARC
Explanation
The term 'Regional Comprehensive Economic Partnership' (RCEP) is a proposed free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN) and its five FTA partners: Australia, China, Japan, New Zealand, and South Korea. Therefore, it is strongly associated with ASEAN and its dialogue partners in the Asia-Pacific region. While other groups like G20, SCO, and SAARC are also economic or regional blocs, RCEP's direct context is with ASEAN and its extended partners.
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