Trade pact a boost for Asia-Pacific, Russian experts say

A cargo ship docks at Qinzhou Port in China-ASEAN Free Trade Area in Qinzhou, Guangxi Zhuang autonomous region, on July 11, 2020. [Photo/Xinhua] The signing of the Regional Comprehensive Economic Partnership, or RCEP, by 15 Pacific-rim countries heralds a huge boost for the region’s economy, and Russia will also benefit from cooperation with members of the free-trade pact, Russian experts said. Alexander Lomanov, chief research fellow of the Institute of World Economy and International Relations at the Russian Academy of Sciences, described the agreement as “a huge success” for all countries in the Asia-Pacific region. The RCEP, which was signed…