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Singapore ratifies mega free trade agreement RCEP
April 13, 2021

Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, becoming the first participating country to do so in a multi-nation trade pact that brings together the 10 ASEAN economies as well as Australia, China, Japan, New Zealand and South Korea.

The RCEP, an initiative led by China, is the world's largest free trade agreement but India had opted out of it though it had been widely expected to be an important market with a large consumer base and export potential, observers said.

Source: The Week