[Updated] The Implementation of RCEP Agreement — How the Agreement Affects the Food Industry of the APAC Countries Involved

[Updated] On Nov. 2, 2021, the ASEAN Secretariat announced that it has received Instruments of Ratification/Acceptance from six ASEAN Member States – Brunei Darussalam, Cambodia, Lao PDR, Singapore, Thailand, and Viet Nam – as well as from four non-ASEAN signatory States – Australia, China, Japan, and New Zealand. According to the Agreement, the Regional Comprehensive Economic Partnership (RCEP) agreement will enter into force for the ten countries first on Jan. 1, 2022.