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World’s largest trade deal will come into force in January - Printable Version

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World’s largest trade deal will come into force in January - superadmin - 11-04-2021

World’s largest trade deal will come into force in January. The U.S. won’t be part of it
  • The Regional Comprehensive Economic Partnership or RCEP will come into force in January 2022.
  • Australia and New Zealand were the latest to ratify the world’s largest trade agreement.
  • Other countries that have ratified RCEP include Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China and Japan, according to Australia’s Department of Foreign Affairs and Trade.
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The world’s largest trade deal — which includes China and excludes the U.S. — will come into force in January next year.

It comes as Australia and New Zealand announced they have ratified the agreement.

The Regional Comprehensive Economic Partnership or RCEP was signed last year by 15 Asia-Pacific countries. The countries are the 10 members of the Association of Southeast Asian Nations and five of their largest trading partners China, Japan, South Korea, Australia and New Zealand.

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