New Asian trade bloc could play key role in driving investment  | | UN News

The Regional Comprehensive Economic Partnership agreement (RCEP) was signed on Sunday by 15 countries including China, Japan, Australia, Vietnam and South Korea, jointly covering a total population of more than 2.3 billion people – five times the size of the European Union. 

The birth of RCEP could also encourage firms to start up new projects within the bloc as they switch away from producing in China – an ongoing trend thanks to rising costs and the trade tensions of the past four years, noted the trade body analysis.

New Asian trade bloc could play key role in driving investment  | | UN News