Australia hopes Asia-Pacific trade deal will improve ties with China – report

November 15, 2020 Reuters 0 Comments

Australia hopes that an ambitious trade deal to be signed on Sunday between 15 Asia-Pacific economies will help improve the country’s strained relations with China, Australia’s Trade Minister Simon Birmingham said.

The China-backed Regional Comprehensive Economic Partnership (RCEP) deal to be signed by the Association of Southeast Asian Nations (ASEAN) could become the world’s largest free trade agreement.

Covering nearly a third of the global population and about 30% of its global gross domestic product, the deal will progressively lower tariffs and aims to counter protectionism, boost investment and allow freer movement of goods within the region. Read More.

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