Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP
Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP
Stuart Tait
Opinion

Opinion

The View by Stuart Tait

RCEP signing signals Asian nations taking rightful place in new world trading order

  • Massive trade agreement expected to lower trade barriers and accelerate regional integration as manufacturers look to develop new markets in Asia
  • Full integration is a work in progress, as spread of non-tariff barriers and differences between countries’ regulatory regimes continue to thwart truly free trade

Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP
Containers being loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam, on May 3. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of global economic activity, in a deal many hope will help hasten Asia’s recovery from the shocks of the pandemic. Photo: AP
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