The largest agreement is the European Common Market, boasting a massive $5.9 trillion in scale. However, the Regional Comprehensive Economic Partnership (RCEP), signed in 2020, is hot on its heels with a scale of nearly $5.4 trillion. These two agreements alone account for over 50% of the total volume of agreements on this list.
The remaining four agreements include the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at $1.9 trillion, the United States-Mexico-Canada Agreement (USMCA) also at $1.9 trillion, the Association of Southeast Asian Nations Free Trade Area (AFTA) with $0.9 trillion, and the African Continental Free Trade Area (AfCFTA) with $0.1 trillion.
Vietnam is a proud member of three out of these six agreements: AFTA, CPTPP, and RCEP.
