
The World’s Largest Trade Deal to be Signed in 2020
The Regional Comprehensive Economic Partnership (RCEP) is set to be signed by Australia, China, Japan, South Korea, New Zealand, and all countries from the Association of Southeast Asian Nations (ASEAN) in 2020. The purpose of the RCEP is to incentivize trade between ASEAN and its main trading partners by reducing tariffs and other trade barriers. The RCEP has been in the works for 6 years now and now it is ready to be finalized soon, making it the largest trade bloc in the w