Representatives of signatory countries celebrate the signing ceremony for the RCEP trade pact at the recent Asean summit hosted virtually by Vietnam. — AFP
THE world’s largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP) pact, was signed by 15 nations on Nov 15 during a virtual summit in Hanoi, Vietnam.
The new trading bloc thus created would cover 2.3 billion people, with the member states’ combined GDP of US$26.2 trillion accounting for around 30% of global GDP.
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