Today-Nov 15

Fifteen Asia-Pacific economies, including Singapore, on Sunday (Nov 15) put pen to paper on the world’s largest trade agreement — the Regional Comprehensive Economic Partnership (RCEP). The signing, which was eight years in the making, came at the end of a four-day summit held in Hanoi, Vietnam. The RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations (ASEAN) — Singapore, Malaysia, Indonesia, the Philippines, Brunei, Vietnam, Laos, Cambodia, Thailand and Myanmar. The agreement will aim to lower tariffs, open up trade in goods and services, and promote investment to help emerging economies catch up with the rest of the world.

Read more at https://www.todayonline.com/singapore/timely-boost-singapore-signs-rcep-worlds-biggest-trade-deal-14-other-countries