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Asia FX Markets Eye RCEP Trade Talks as Regional Growth Sputters
After seven years of work, the China-led Regional Comprehensive Economic Partnership (RCEP) may be on the verge of being finalized and signed either this year or in early 2020. The 16-member agreement – composed of the ten-ASEAN countries, New Zealand, Australia, Japan, South Korea, Singapore and China – is intended to “strengthen economic linkages and to enhance trade and investment related activities”. “Market access negotiations have advanced substantially, bringing us closer to finalization next year. We are now at the final stage of negotiations” (Singapore Prime Minister Lee Hsien Loong) The ... (full story)