Regional Comprehensive Economic Partnership

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement negotiated by ASEAN (Association of Southeast Asian Nations) member states plus China, Japan, South Korea, India, Australia, and New Zealand. The negotiations were initiated under ASEAN's framework, making ASEAN the central organization involved. While RCEP involves countries from different regional groups, it is primarily an ASEAN-led initiative. G20 focuses on economic policy coordination, SCO on security cooperation, and SAARC on South Asian cooperation—none of these are associated with RCEP in the primary sense. > RCEP is a major free trade agreement negotiated under ASEAN's framework. Answer: (b).