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Economics

In the News

Regional Comprehensive Economic Partnership

Geoff Riley

15th November 2020

Big trade news today with the signing of an agreement to create the world's largest trade bloc.

The Regional Comprehensive Economic Partnership (RCEP) includes 10 Southeast Asian economies (ASEAN) along with China, Japan, South Korea, New Zealand and Australia, with members accounting for around 30 percent of global GDP over a combined population in excess of two billion people.

Here is some media coverage of this key moment in global economics.

Mega free-trade deal a lifeline for Australia-China relations https://www.smh.com.au/world/a...

The Diplomat: Asia-Pacific Nations Set to Sign Massive Regional Trade Deal

BBC News World: Asia-Pacific countries form world's largest trading bloc

Financial Times: Asia-Pacific countries sign one of the largest free trade deals in history

Will this mark a significant shift in the centre of economic gravity within the global economy, or, has that already occurred?

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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