China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations (Asean) signed the Regional Cooperation Economic Partnership (RCEP) in November. Photo: Xinhua
China-backed RCEP trade deal unlikely to benefit developing members in short term, analysts say
- Signed in November, the Regional Cooperation Economic Partnership (RCEP) is a free-trade agreement between 15 Asia-Pacific nations
- It is seen as a China-backed alternative to the US-led Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations (Asean) signed the Regional Cooperation Economic Partnership (RCEP) in November. Photo: Xinhua
