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China ratifies Regional Comprehensive Economic Partnership pact

Prime Minister Prayut Chan-o-cha witnesses the signing of the Regional Comprehensive Economic Partnership by Commerce Minister Jurin Laksanawisit at Government House on Nov 15, 2021. Thailand ratified the pact on Feb 15 this year and China endorsed the agreement on Monday. (Government House photo)

BEIJING: The Chinese government has formally ratified the world’s largest free trade deal signed last year by 15 Asia-Pacific countries, including Japan, South Korea and the 10-member Association of Southeast Asian Nations.

China hopes other countries will speed up their processes to put into force the Regional Comprehensive Economic Partnership (RCEP) after the Chinese government ratified the pact, Commerce Minister Wang Wentao told reporters on Monday on the sidelines of the annual session of the National…

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