Individual countries in the trade bloc are expected to see a small boost in their GDP of between 0.4 and 0.6 per cent. - ST
SINGAPORE (The Straits Times/ANN): The world's largest trade pact will reduce tariffs and harmonise trade rules, and Singapore and the region stand to gain from it by being more deeply plugged into global supply chains.
This is the conclusion drawn by the Monetary Authority of Singapore's biannual macroeconomic review released on Wednesday (April 28), which said that the Regional Comprehensive Economic Partnership (RCEP) is expected to increase regional trade flows and deepen cross-border production linkages among its 15 member economies.
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