Asia-Pacific nations sign massive trade deal
This EDC Economics overview outlines the implications of the world’s largest free trade agreement and how it affects Canadian companies.
The Regional Comprehensive Economic Partnership (RCEP) spans 15 countries and 2.2 billion people—roughly 30% of the world’s population.
The deal, which was signed in November, is a significant step to liberalizing trade rules in the Asia-Pacific, at a time when some countries have taken a more protectionist approach to trade policy. This is China’s first major free trade agreement in the region. After a lengthy transition period, the RCEP will remove up to 90% of tariffs among its members.
Read this EDC Economics overview to discover the near-term implications for Canadian companies.