https://sputnikglobe.com/20201115/china-asean-other-regional-nations-sign-major-trade-pact-rcep-1081171443.html
China, ASEAN, Other Regional Nations Sign Major Trade Pact RCEP
China, ASEAN, Other Regional Nations Sign Major Trade Pact RCEP
Sputnik International
BEIJING (Sputnik) - China, member states of the Association of Southeast Asian Nations (ASEAN), Japan, South Korea, Australia, and New Zealand on Sunday signed... 15.11.2020, Sputnik International
2020-11-15T07:28+0000
2020-11-15T07:28+0000
2020-11-15T07:55+0000
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China, ASEAN, Other Regional Nations Sign Major Trade Pact RCEP
07:28 GMT 15.11.2020 (Updated: 07:55 GMT 15.11.2020) BEIJING (Sputnik) - China, member states of the Association of Southeast Asian Nations (ASEAN), Japan, South Korea, Australia, and New Zealand on Sunday signed the Regional Comprehensive Economic Partnership (RCEP), the Chinese Finance Ministry said.
"Further acceleration of trade liberalisation will further contribute to the economic prosperity of the region", the ministry said.
According to a statement, the RCEP will stimulate the economic recovery of its signatory states after the COVID-19 pandemic.
ASEAN member states include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
The RCEP is a major free-trade agreement between 15 countries in the Asia-Pacific region which together account for almost one-third of the world's population. The agreement was signed during an online ceremony on the sidelines of the annual ASEAN summit.
