World's biggest trade deal RCEP to take effect Jan. 1
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FUMI MATSUMOTO, SATSUKI KANEKO and TSUKASA HADANO, Nikkei staff writers
November 3, 2021 10:59 JSTUpdated on November 4, 2021 01:26 JST


SYDNEY/TOKYO/BEIJING -- The world's biggest free trade agreement is set to take effect on Jan. 1, slashing tariffs for countries including Japan, China and members of the Association of Southeast Asian Nations.

New Zealand Trade Minister Phil Twyford on Wednesday said his country had completed ratification of the the 15-nation Regional Comprehensive Economic Partnership, following Australia.

Bringing together US$25 trillion in economic output, the supersized trade pact covers roughly 30% of global gross domestic product, population and trade -- more than the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.



https://asia.nikkei.com/Economy/Trade/Wo...ect-Jan.-1
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