You are here

MEGA TRADE DEAL: NEWS ANALYSIS

China in prime position to shape regional trade rules

Beijing looks to use RCEP to cement status as region's economic powerhouse

rk_China-RCEP_161120.jpg
The Regional Comprehensive Economic Partnership (RCEP), as it is called, is a mega free trade pact backed by China and involves 14 other Asia-Pacific countries including Singapore.

EIGHT long years and 46 rounds of negotiations - with plenty of "blood, sweat and tears" along the way, as Malaysia's trade minister recently put it - bore fruit on Sunday as the world's largest trading bloc became a reality at last.

The Regional Comprehensive Economic Partnership (RCEP...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes