Singapore first RCEP country to officially ratify world's largest trade pact


File picture of Prime Minister Lee Hsien Loong and Minister for Trade and Industry Chan Chun Sing at the 4th Regional Comprehensive Economic Partnership Summit on Nov 15, 2020. - MINISTRY OF COMMUNICATIONS AND INFORMATION

SINGAPORE (The Straits Times/ANN): Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) and deposited its ratification instrument, becoming the first participating country to complete the official process.

All 10 Asean members and key partners Australia, China, Japan, New Zealand and South Korea signed the trade pact, the world's largest, at the 4th RCEP Leaders Summit last November.

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Singapore , RCEP , ratify , trade pact

   

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