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  "notes": "Includes a map highlighting RCEP members and India's withdrawal status.",
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      "text": "As a result of the tariff reduction, Chinese companies saved about USD 330 m out of USD 13 bn of imports under the RCEP in 2023",
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      "text": "RCEP is a free trade agreement between 15 Asia-Pacific nations... Members aim to benefit from lower or complete removal of tariffs... RCEP surpassed existing Asia-Pacific trade agreements... As a result of the tariff reduction, Chinese companies saved about USD 330 m",
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      "text": "On January 1st, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into force, creating the biggest trade bloc in history",
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