RCEP is expected to increase trade flows in the Indo-Pacific. Some of RCEP's tangible benefits will come from providing tariff reductions and removals, new investment opportunities, and new export markets. There are many notable gains in services and investment. China and the largest Association of Southeast Asian Nations (ASEAN) countries have made investment market access commitments to New Zealand for the very first time. And RCEP sees the strong benefits for our goods and exports by including provisions to address non-tariff barriers, such as expectations for customs administrators to the release of perishable goods within six hours. But RCEP's benefits primarily come from the single set of trade rules that streamline export requirements, provide greater certainty, and enable higher business confidence. All of these contribute to an improved environment to facilitate trade. These common frameworks will help ensure that New Zealand business becomes part of the wider supply-chain networks within the Indo-Pacific region.