HOME > NATION > Article

Text Size

small

medium

large


(Update 2) 15 Asia-Pacific Nations Agree on RCEP Free Trade Deal

(Update 2) 15 Asia-Pacific Nations Agree on RCEP Free Trade Deal

   Tokyo, Nov. 15 (Jiji Press)--Japan and 14 other Asia-Pacific countries signed a landmark agreement on Sunday to create the world's largest free economic area accounting for some 30 pct of global gross domestic product and trade.
   Under the accord, the Regional Comprehensive Economic Partnership, tariffs will be abolished for 91 pct of products, mainly industrial products.
   Japan hopes that the free trade accord among the 15 nations, which together have a population of 2.3 billion, will give momentum to its economic growth.
   Besides Japan, RCEP brings together China, South Korea, Australia, New Zealand and the 10 member states of the Association of Southeast Asian Nations.
   RCEP will be Japan's first free trade agreement with China or South Korea. China is Japan's biggest trading partner in terms of the value of trade and South Kore is the third-biggest partner.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
In Message to UN Session, Suga Calls for World Unity to Overcome Pandemic
ECONOMY
Japan Tourism Min. Announces Extension of Go To Travel Campaign until June 2021
SPORTS
Asian Soccer: FC Tokyo Clinch 1st Champions League Knockout Stage Spot in 4 Yrs
OTHER
Azerbaijan Says 2,783 Troops Were Killed in Clashes over Nagorno-Karabakh

AFP-JIJI PRESS NEWS JOURNAL


Photos