Tag Archives: RCEP commercial pact

15 Asian nations sign huge trade pact backed by China

The Prime Minister of Vietnam chairs the IV Regional Summit of Comprehensive Economic Partnership Hanoi: Fifteen countries signed an extensive Asian trade deal on Sunday seen as a major blow to China in expanding its influence. The Regional Comprehensive Economic Association (RCEP), which includes 10 Southeast Asian economies along with …

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What is the RCEP trade agreement?

Backed by China, the expanding Regional Comprehensive Economic Association (RCEP) is seen as a coup for Beijing to extend its influence in the region and mark its dominance in Asian trade. After eight years of discussing the details, the trade pact, the world’s largest in terms of GDP, analysts say, …

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