New trade agreement to help exports, tourism
Export and tourism-related stocks are likely to reap benefits from the new Regional Comprehensive Economic Partnership (RCEP) trade agreement, which includes 15 countries and was signed over the weekend at the 37th Asean Leadership Summit.
The new deal creates the world’s largest free trade bloc, with a combined GDP of US$26.2 trillion, or 30% of the world’s GDP, accounting for about 28% of the world’s trade. The countries involved total a population of 2.2 billion people, 30% of the world population.
Bangkok Post Reporter
