Asian trade deal to be signed today

Today, 15 countries are set to sign a wide-reaching Asian trade deal to help them recover from the Covid pandemic. Such countries as China, South Korea, New Zealand, Australia, and Japan are part of the pact which also includes 10 Southeast Asian economies. The deal is seen as a Chinese-led alternative to the United States trade initiative, which is now defunct.  Alexander Capri, a trade expert at the National University of Singapore Business School, says the deal complements China’s overall envision of its influence and infrastructure spreading worldwide. “The RCEP ‘solidifies China’s broader regional geopolitical ambitions around the Belt and […]

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