German media emphasizes role of RCEP in Asia-Pacific economic integration


Source: talkvietnam.com talkvietnam.com

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The agreement was signed on November 15 by 10 ASEAN countries and their trade partners – China, Japan, the Republic of Korea, Australia and New Zealand. At the signing of the RCEP agreement (Photo: Vietnam+) Handelsblatt (Trade) newswire on November 14 said that the deal will form a free trade region which comprises of 2.2 billion people and accounts for one-third of global gross domestic product. The agreement, signed after eight years of talks, will reduce tariffs, set common trade rules and also facilitate supply chains. The article also cited economists as saying that the deal is of great importance...