Leaders and trade ministers of 15 Asia-Pacific nations appear during a virtual gathering in November 2020, when the Regional Comprehensive Economic Partnership was signed, forming the world’s largest free-trade pact. Photo: EPA-EFE
Leaders and trade ministers of 15 Asia-Pacific nations appear during a virtual gathering in November 2020, when the Regional Comprehensive Economic Partnership was signed, forming the world’s largest free-trade pact. Photo: EPA-EFE

World’s biggest trade deal RCEP is a year old – here’s why it still has room to grow

  • Covering a third of the world’s population and nearly as much of its GDP, the Regional Comprehensive Economic Partnership has done some good, but shortcomings persist
  • ‘Big bang effects’ of integrating supply chains and erasing restrictive trade practices among RCEP’s 15 signatory countries are expected to take time to materialise

Leaders and trade ministers of 15 Asia-Pacific nations appear during a virtual gathering in November 2020, when the Regional Comprehensive Economic Partnership was signed, forming the world’s largest free-trade pact. Photo: EPA-EFE
Leaders and trade ministers of 15 Asia-Pacific nations appear during a virtual gathering in November 2020, when the Regional Comprehensive Economic Partnership was signed, forming the world’s largest free-trade pact. Photo: EPA-EFE
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