Asean leaders are seen on a screen as they attend the 4th Regional Comprehensive Economic Partnership Summit as part of the 37th Asean Summit in Hanoi, Vietnam on Sunday. (Reuters photo)
HANOI: Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product.
The Regional Comprehensive Economic Partnership (RCEP) will progressively lower tariffs and aims to counter protectionism, boost investment and allow freer movement of goods within the region.
Who has signed?
RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (Asean): Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia,…
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