SINGAPORE — Singapore was among the 15 countries which signed the world’s largest trade pact on Sunday , a move widely seen as a boost for the Asia Pacific region as it battles the COVID-19 pandemic crisis.
The RCEP establishes a comprehensive and mutually-beneficial economic partnership that builds on existing bilateral ASEAN agreements with its five Free Trade Agreement partners. Among the key benefits of the agreement include tariff elimination of at least 92 per cent of goods traded among the participating countries, with additional preferential market access for Singapore's exports, the Ministry of Trade and Industry aid in a media release on Sunday.
It will further broaden and deepen Singapore’s economic linkages and connectivity with the region, open up opportunities and provide businesses with preferential access into growing markets.
It’s never a good deal if the thugs regime China is involved. Have you ever seen communists following the rules and abiding the laws?
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.