ASIA-PACIFIC COUNTRIES FORM WORLD’S LARGEST TRADING BLOC

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On 15 November, 15 Asia-Pacific countries formed the world’s largest free-trade bloc, the Regional Comprehensive Economic Partnership (RCEP). The agreement includes the 10 nations that make up the Association of Southeast Asian Nations (ASEAN) as well as China, Japan, South Korea, Australia, and New Zealand. The agreement excludes the United States, as tensions between China…

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