A trade agreement represents a third of the world economy without America

Sunday 15th November 2020 - 19:05

A trade agreement represents a third of the world economy without America

Follow up - INA

After eight years of negotiation, 15 countries including China, Japan, South Korea and Australia have signed the world's largest free trade agreement, representing a third of the global economy.

BBC suggested that this agreement would lead to strengthening Beijing's role in the region in confronting the United States, which did not participate in the agreement, "pointing out that" this agreement aims to cancel tariffs on many traded goods.

 In this context, after the signing of the agreement, Chinese Premier Li Keqiang spoke in this context, saying: "In the current global circumstances, the fact that the Regional Comprehensive Economic Partnership Agreement was signed after eight years of negotiations sends a glimmer of light and hope among the clouds."

Source: BBC