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BBCNEWS World Business Report November 16, 2020

The mega deal called rcep, thats the regional comprehensive economic partnership, has been passed. Its the worlds biggest trade deal, and itll reduce tariffs and standardise trade regulations for all of its 15 members. Lets take a look at whos involved. All ten Southeast Asian countries are part of it. As well as china, japan, australia, new zealand, and south korea. Together, they make up 30 of the worlds entire population and gdp. But one country that pulled out is india, because of fears that it may hurt domestic producers. Joining me now is iris pang, chief economist, Greater China at ing wholesale banking. Thank you forjoining us the programme. Just talk us through how significant this deal is and who are the real winners here . In fact, are set is initiated by china. Rcep. And then more and more economies joined and then more and more economiesjoined rcep because they s ....

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