RCEP’s synergy with China’s economic strategy bodes well for Asia-Pacific

News Snapshot:

November 24, 2020 #DayNewsFeed #ChinaNewsAfter eight years of tough negotiations, November 15 saw a breakthrough for regional cooperation as 15 Asia-Pacific nations signed the biggest free-trade deal in history. Comprising the 10 Asean members, Australia, China, Japan, New Zealand and South Korea, the Regional Comprehensive Economic Partnership (RCEP) will reduce trade barriers across a third of the world’s population and economic output area. Economists at Johns Hopkins University estimate the pact could add US$186 billion to the…