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Title : Fifteen Asian-Pacific Countries Have Signed The World's Largest Trade Deal In Terms Of GDP
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Fifteen Asian-Pacific Countries Have Signed The World's Largest Trade Deal In Terms Of GDP

 

CNN: China signs huge Asia Pacific trade deal with 14 countries 

China has just joined forces with more than a dozen countries across the Asia Pacific region to sign a huge free trade deal nearly a decade in the making. 

The Regional Comprehensive Economic Partnership spans 15 countries and 2.2 billion people, or nearly 30% of the world's population, according to a joint statement released by the nations on Sunday, when the deal was signed. 

Their combined GDP totals roughly $26 trillion and they account for nearly 28% of global trade based on 2019 data.

The deal includes several of the region's heaviest economic hitters aside from China, including Japan and South Korea. New Zealand and Australia are also partners, as are Indonesia, Thailand and Vietnam in Southeast Asia. 

Read more .... 

WNU Editor: Is this a huge win for China? Not really .... Asia’s Massive New Trade Deal Is No Big Victory for Beijing (WSJ) 

 More News On Fifteen Asian-Pacific Countries Signing The World's Largest Trade Deal In Terms Of GDP 

RCEP: Asia-Pacific countries form world's largest trading bloc -- BBC 

‘A coup for China’: Analysts react to the world’s largest trade deal that excludes the U.S. -- CNBC RCEP set to supercharge the New Silk Roads -- Asia Times 

Explainer | What is RCEP and what does an Indo-Pacific free-trade deal offer China? -- SCMP 

Five RCEP takeaways: Asia cements grip as free trade torchbearer -- Nikkei Asia Review

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