Tariffs on more than 65 per cent of China’s trade in goods with Asean, Australia and New Zealand are expected to reach zero on Saturday under the RCEP agreement. Photo: AP
Tariffs on more than 65 per cent of China’s trade in goods with Asean, Australia and New Zealand are expected to reach zero on Saturday under the RCEP agreement. Photo: AP

RCEP: China says world’s largest trade pact gives it ‘powerful leverage’ to cope with 2022 challenges

  • Regional Comprehensive Economic Partnership comes into effect on Saturday for most of its 15 members, which account for nearly a third of the global population
  • More than 90 per cent of merchandise trade between RCEP members will eventually be subject to zero tariffs under the new trade bloc

Topic |   Regional Comprehensive Economic Partnership (RCEP)
Tariffs on more than 65 per cent of China’s trade in goods with Asean, Australia and New Zealand are expected to reach zero on Saturday under the RCEP agreement. Photo: AP
Tariffs on more than 65 per cent of China’s trade in goods with Asean, Australia and New Zealand are expected to reach zero on Saturday under the RCEP agreement. Photo: AP
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