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Singapore ratifies RCEP trade deal as members eye January launch

Thailand and China also quick to approve accord but more players needed

Ships off the coast of Singapore: The city-state ratified the Regional Comprehensive Economic Partnership on April 9.   © Reuters

SINGAPORE -- Singapore announced on Friday that it has ratified the Regional Comprehensive Economic Partnership trade agreement, a key step toward implementing the 15-member accord on Jan. 1 of next year.

Singapore's fast ratification "signals [a] strong commitment to strengthening our trade and economic linkages with our partners, for the benefit of our businesses and people," Trade Minister Chan Chun Sing said in a statement.

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