Who gains from RCEP, Asia’s new trade pact?

The Economist |

Photo by Ian Taylor on Unsplash
Photo by Ian Taylor on Unsplash

The world’s newest and biggest regional trade deal is not the deepest. It eliminates fewer tariffs than normal, and some only after two decades. Its coverage of services is patchy, as is that of agricultural goods. India is not a member. Still, when leaders met virtually to sign on the dotted line, they hailed the pact as a triumph.

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