Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade and business activity, will help power their recoveries from the pandemic. The 15-member Regional and Comprehensive Economic Partnership, or RCEP, includes China, Japan, South Korea and many other Asian countries. It does…
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Members of the 15-member Regional and Comprehensive Economic Partnership, or RCEP, include China, Japan and South Korea. The new trading bloc does not include the U.S. or India.
BANGKOK (AP) Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade