The Regional Comprehensive Economic Partnership (RCEP) aims to bring together the 10 countries of Asean in Southeast Asia, Japan, South Korea, Australia, New Zealand, China and —until this month — India. These 16 countries account for almost half the world’s population, a third of world GDP and trade, and are collectively growing at a rate that is double the rest of the world. After protracted negotiations that began in 2012, the 15 RCEP members (minus India) have committed to signing an agreement next year.
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First Published: Thu, November 21 2019. 00:15 IST