RCEP signed to boost regional development

Fifteen Asia-Pacific countries on Nov 15 signed the Regional Comprehensive Economic Partnership agreement, the world’s largest free-trade deal.

The agreement involves all 10 member countries of the Association of Southeast Asian Nations and five of its major trading partners — China, Japan, South Korea, Australia and New Zealand.

With the largest participating population in the world, the most diverse membership and the greatest development potential, the RCEP will inject new impetus into regional development and prosperity, and contribute to the recovery and growth of the world economy, Premier Li Keqiang said as he participated in the fourth RCEP leaders’ meeting via video link.