The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN) and its five dialogue partners: Australia, China, Japan, South Korea, and New Zealand. It aims to create a more integrated economic bloc and facilitate trade and investment among its members. The other options represent different groupings: G20 is a forum for international economic cooperation, SCO is the Shanghai Cooperation Organisation, and SAARC is the South Asian Association for Regional Cooperation.