RCEP biggest world trading block

Vietnam's Prime Minister Nguyen Xuan Phuc chairs the 4th Regional Comprehensive Economic Partnership Summit as part of the 37th ASEAN Summit in Hanoi, Vietnam November 15, 2020. (Photo by Reuters)

A mega free-trade pact came into existence a few days ago. The Regional Comprehensive Economic Partnership has been described as the largest free-trade agreement in history. Ten Southeast Asian countries, as well as China, South Korea, Japan, Australia and New Zealand formed the brand new trading bloc.


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