NEWS
16 novembre 2020
Trade agreement between 15 Asian nations, including China

On November 11, 2020, the Ministers of 15 countries belonging to the Regional Comprehensive Economic Partnership decided to sign a trade agreement, whose negotiations began almost 8 years ago and represents the first free trade agreement of Japan with China and South Korea, two vital trade partners. The agreement aims to create the largest free trade area on the Asian continent, accounting for almost one third of global gross domestic product and trade.

When the summits began in 2013, India had also been involved, but despite the unanimous efforts of the other nations, it did't sign; however, it could do so later, thanks to a separate document that RCEP members signed, in order to allow the Indian government to backtrack at any time and join the agreement even after its entry into force.

For further information please contact Silvia Quintini at: s.quintini@madv.eu

Attached document

Trade agreement between 15 Asian nations
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