15 Countries including ASEAN, China, Japan, South Korea, Australia, and New Zealand Signed RCEP, the world largest trade agreement

After 8 years of negotiations, The Regional Comprehensive Economic Partnership (RCEP), a free trade partnership agreement covering the largest population, the most extensive region with the most diverse members has just concluded. The 4th Regional Comprehensive Economic Partnership Agreement Leaders’ Meeting was held on November 15. The 10 ASEAN countries and China, Japan, South Korea, Australia, and New Zealand formally signed the Regional Comprehensive Economic Partnership Agreement (RCEP), marking the global largest free trade agreement was officially reached. The signing of the RCEP is an important step for regional countries to take concrete actions to safeguard the multilateral trading system…