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Trade

Japan approves world's largest free trade pact with China and ASEAN

Move raises possibility for RCEP to enter into force later this year

The Regional Comprehensive Economic Partnership, or RCEP, will create a free trade zone covering a vast section of the world's economy.

TOKYO (Kyodo) -- Japan's parliament approved Wednesday the world's largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year.

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