Leaders from 15 Asia-Pacific nations on Sunday sealed one of the biggest trade deals in history, seeking to reduce barriers in an area covering a third of the world’s population and economic output.
The Regional Comprehensive Economic Partnership, or RCEP, marks a major step forward for economic integration in the region, and follows almost a decade of negotiations.
Economists said the deal, the first trade agreement bringing together China, Japan and South Korea, could add almost $200bn annually to the global economy by 2030.
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