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Tag Archives: RCEP

5 Minute Explainer: What happens now that huge new Asian trade deal has been signed?

Australian Prime Minister Scott Morrison and Prime Minister Yoshihide Suga bump elbows before a welcome ceremony in Tokyo on Nov. 17. © Reuters

REUTERS, NOVEMBER 17, 2020 HANOI (Reuters) – Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. The Regional Comprehensive Economic Partnership (RCEP) will progressively lower tariffs and aims to counter protectionism, boost investment and allow freer movement …

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New Asian Trade Deal Encompasses Third of the World’s Population

Zoom call with Asia Pacific leaders

BLOOMBERG, NOVEMBER 15, 2020 Trade pact comes after nearly a decade of negotiations | 15 nations including China, Japan and Australia are on board By Philip Heijmans and Xuan Quynh Nguyen for Bloomberg – Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement, encompassing nearly a third of the world’s population and gross domestic …

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