15 Asian nations sign huge China-backed RCEP trade pact

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HANOI, Nov 15, 2020 (BSS/AFP) – Fifteen countries on Sunday signed a sprawling Asian trade deal seen as a huge coup for China in extending its influence.

The Regional Comprehensive Economic Partnership (RCEP) — which includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia — is the world’s largest trade pact in terms of GDP, analysts say.