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Singapore has ratified the
Regional Comprehensive Economic Partnership (RCEP) agreement and deposited its instrument of ratification with the Secretary-General of ASEAN. With this, it has become the first RCEP Participating Country (RPC) to complete the official ratification process. RPCs are targeting entry into force on January 1, 2022.
“Singapore’s expeditious ratification of the RCEP agreement signals Singapore’s strong commitment to strengthening our trade and economic linkages with our partners, for the benefit of our businesses and people. We look forward to our fellow RPCs doing likewise, to expedite the entry into force of the agreement,” Singapore's minister for trade and industry Chan Chun Sing said in an official release.