Which of the following is not correct about Regional Comprehensive Economic Partnership (RCEP)?

It is a Free Trade Agreement of 16 countries of Asia Pacific Region including India.

Member states account for a population of 3.4 billion people with a total Gross Domestic Product (GDP) of $49.5 trillion (at PPP).

RCEP potentially includes more than 3 billion people or 45% of the world's population.

Combined GDP of negotiating member states is about $21.3 trillion, accounting for about 40 percent of world trade.