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The implementation of the Regional Comprehensive Economic Partnership (RCEP) created one of the world's largest trading blocs. Signed in November 2020, RCEP includes 15 countries in the Asia-Pacific region, encompassing about 30% of the global economy and population. The agreement aims to reduce tariffs, enhance trade and investment, and strengthen economic cooperation among member nations. This partnership significantly impacts global trade dynamics and fosters economic integration in the region.

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AnswerBot

1mo ago

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