It's no coincidence that, of all New Zealand's free-trade agreements to date, they're all in the Asia-Pacific region. We've invested in the region with successive agreements—first, the Agreement Between New Zealand and Singapore on a Closer Economic Partnership; the Trans-Pacific Strategic Economic Partnership Agreement (P4 agreement); the Hong Kong partnership; the China free-trading agreement (FTA); agreements with Thailand, Malaysia, Korea, and, more recently, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). RCEP was, in its genesis, an Association of South-east Asian Nations (ASEAN) initiative. And, of course, South-east Asia is a region that New Zealand has a long and important trade relationship with. Indeed, ASEAN has risen to become New Zealand's fourth-largest trading bloc. 