Asia-Pacific nations set to sign RCEP trade deal

Asia-Pacific countries including Japan, China and members of ASEAN are set to sign a regional trade deal on Sunday that would cover nearly a third of the global economy.Leaders from the 15 countries in the Regional Comprehensive Economic Partnership began a virtual summit to finalize the pact after their trade ministers wrapped up eight years of negotiations.The deal, aimed at cutting tariffs and establishing common rules for e-commerce and intellectual property, will be signed without India, which opted out due to concerns that its trade deficit with China would increase.RCEP — also includin…

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