The Regional Comprehensive Economic Partnership (RCEP) agreement is expected to take effect on Jan. 1, 2022. Being the world’s biggest trade pact, it is considered a massive coup for regional economic integration, multilateralism and free trade. Signed by 15 Asia-Pacific countries in 2020, the RCEP covers a market of 2.2 billion people, or almost 30 .
World's biggest trade deal takes effect as boost for global economy--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The world s largest free trade pact forged by 15 Asia-Pacific countries entered into force Saturday to provide a tailwind for the region s post-pandemic recovery and a catalyst for global economic progress, bringing a ray of hope.