World's biggest trade deal takes effect as boost for global economy
BANGKOK, Jan. 1 (Xinhua) -- The world's largest free trade pact forged by 15 Asia-Pacific countries entered into force Saturday to provide a tailwind for the region's post-pandemic recovery and a catalyst for global economic progress, bringing a ray of hope.
The Regional Comprehensive Economic Partnership (RCEP) agreement groups 10 Association of Southeast Asian Nations (ASEAN) countries, as well as China, Japan, South Korea, Australia, and New Zealand, covering nearly a third of the world's population and gross domestic product.