15 countries have recently signed the largest regional free-trade agreement.
Hong Kong strives to be one of the first economies to join the Regional Comprehensive Economic Partnership (RCEP) trade agreement once it takes effect, according to a blog post by Finance secretary Paul Chan.
Chan wrote that the total bilateral trade between Hong Kong and the 15 RCEP member states accounts for 71% of Hong Kong’s total trade in goods.
Asia Pacific nations, including China, have signed the largest regional free-trade agreement, which covers about a third of the world’s population and gross domestic product.
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