15.12.2021
Artikel Nummer: 39028
A new giant raising its head
In its recent analysis, Unctad provides new insights into the Regional Comprehensive Economic Partnership (RCEP). The Asia-Pacific free-trade agreement set to enter into force on 1 January 2022 will create the world’s largest trading bloc by economic size, according to an Unctad study to be published today, 15 December 2021.
The RCEP includes 15 East Asian and Pacific nations of different economic sizes and stages of development. It will become the largest trade agreement in the world measured by the GDP of its members – accounting for almost one third of the world’s GDP. Unctad’s analysis shows that the RCEP’s impact on international trade will be significant. (sh)