Fifteen countries in Asia and the Pacific have formed the Regional Comprehensive Economic Partnership (RCEP). It is now the world's largest trading bloc and covers nearly a third of the global economy, making it a larger bloc than even the European Union or the United States-Mexico-Canada agreement. The pact includes countries like China, South Korea, Australia, Japan, and New Zealand and it is seen as China expanding its influence in the region. The deal took 8 years of negotiating, but found new momentum after President Trump pulled the United States out of a rival deal, the Trans Pacific Partnership. Within 20 years, the agreement is expected to eliminate tariffs on a variety of imports.
https://www.bbc.com/news/world-asia-54949260
Anthony Grammich
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