Japan ratifies RCEP, world's biggest FTA including China, Asean

Once in effect, the RCEP pact will eliminate tariffs on as much as 90 per cent of goods traded between its signatories over the next 20 years. - AFP

TOKYO (Xinhua): Japan on Friday (June 25) ratified the Regional Comprehensive Economic Partnership (RCEP), the world's biggest free trade agreement, which comprises 15 Asia-Pacific countries including China and 10 members of the Association of Southeast Asian Nations (Asean), the Foreign Ministry said.

The ministry, as reported by local media, said Tokyo deposited its ratification instrument with the Asean Secretariat. In doing so Japan has become the third member toward the enforcement of RCEP.