globalnews.caNguyen Xuan PhucChinaThailandSouth KoreaJapanSingaporeIndonesiaMalaysiaVietnamBruneiNguyen Xuan PhucChinaThailandSouth KoreaJapanSingaporeIndonesiaMalaysiaVietnamBrunei
China, 14 other countries sign deal to form world’s largest trade bloc
China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.The Regional Comprehensive Economic Partnership, or RCEP, was signed virtually on Sunday on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.“I am delighted to say that after eight years of hard work, as of today, we have officially brought RCEP negotiations to a conclusion for signing,” said host country Vietnam’s prime minister, Nguyen Xuan Phuc.
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