The Regional Comprehensive Economic Partnership (RCEP) : ● It is a free trade agreement devised to consist of 15 countries across the Asia-Pacific region . ● To drop tariffs and duties between the members to have a free flow of goods and services between them. Composition : ● ASEAN : An intergovernmental grouping of 10 Southeast Asian countries : ◦ Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. ● 5 dialogue partners : ◦ China, Japan, South Korea, Australia, and New Zealand. ● India(Also an ASEAN's FTA partner)- Opted out of RCEP in November 2019. So, option 3 is NOT correct .