Regional Comprehensive Economic Partnership (RCEP)

About this agreement

The Regional Comprehensive Economic Partnership (RCEP) is a modern, comprehensive, high-quality and mutually beneficial economic partnership that builds on existing bilateral ASEAN agreements with its 5 Free Trade Agreement (FTA) Partners. It will further broaden and deepen Singapore’s economic connectivity with the region, open up opportunities and provide businesses with preferential access to the region.
1 January 2022
Entry into force in Brunei, Cambodia, Lao PDR, Singapore, Thailand, Vietnam, Australia, China, Japan, New Zealand.
1 February 2022
Entry into force in the Republic of Korea
4 March 2022
Entry into force in Myanmar
18 March 2022
Entry into force in Malaysia
2 January 2023
Entry into force in Indonesia
2 June 2023
Entry into force in The Philippines

Key benefits

  • Tariff elimination and preference
    Tariff elimination for about 92% of goods traded among RCEP Parties. Additional preferential market access for specific products including mineral fuels, plastics, other chemical products, miscellaneous food preparations and beverages in selected RCEP markets such as China, Japan and Korea.
  • Streamlined rules of origin
    Streamlined rules of origin to give businesses greater flexibility to tap on preferential market access benefits. Regional cumulation provisions will also allow businesses to take advantage of regional supply chains.
  • Simplified customs procedures and enhanced trade facilitation provisions
    • Simplified customs procedures and enhanced trade facilitation provisions will allow efficient administration of procedures and expeditious clearance of goods including the release of express consignments and perishable goods within 6 hours of arrival.
    • Enhanced commitments above existing ASEAN Plus One FTAs in Professional Services, Research and Development, Computer and Related Services, Distribution and Logistics Services, among others.
    • RCEP includes commitments to prohibit performance requirements on investors and provisions to lock in future relaxation of measures and mitigate back tracking.
    • Other benefits include expanded scope and commitments in new areas such as E-Commerce, Competition policy and Intellectual Property Rights.


Use the Tariff Finder to see if your product is eligible to enjoy this FTA's tariff concessions.

Alternatively, you can explore the following steps to check your eligibility.


Singapore Customs is the authorised body in Singapore for FTA Preferential Certificate of Origin (PCO) application.

If your product is eligible, follow these application steps to enjoy tariff concessions:
  1. Register your factory with Singapore Customs using the Manufacturer's Application Form
  2. Submit the Manufacturing Cost Statement
  3. Apply for a Preferential Certificate of Origin (PCO)

The process from registration to receiving the PCO typically takes less than one month.

Learn more about the rules of PCO

Submit your application
Apply for a PCO with export permit under the Regional Comprehensive Economic Partnership (RCEP) via TradeNet.


Need additional help?

For assistance, contact us at +65 6898 1800, reach us here or visit the SME Centres.

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