Explainer: World's biggest trade pact shapes up without India
Share:
BANGKOK (Reuters) - Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world's biggest trade agreement - the Regional Comprehensive Economic Partnership (RCEP).They aim to sign it next year to start freeing up trade between members that include the 10-member Association of Southeast Asian Nations (ASEAN), Japan, South Korea, Australia and New Zealand.WHAT WILL RCEP DO?Exact details have yet to be released, but..