World’s biggest trade deal RCEP to take effect Jan. 1

https://asia.nikkei.com/Economy/Trade/World-s-biggest-trade-deal-RCEP-to-take-effect-Jan.-1

The world’s biggest free trade agreement is set to take effect on Jan. 1, slashing tariffs for countries including Japan, China and members of the Association of Southeast Asian Nations. Bringing together $25 trillion in economic output, the supersized trade pact covers roughly 30% of global gross domestic product, population and trade — more than the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.