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RCEP agreement will transform trade in Asia, for Asia

First time China, Japan, and South Korea connected via one trade pact

| Japan
Vietnam's Prime Minister Nguyen Xuan Phuc chairs the 4th RCEP Summit on Nov. 15: the agreement is poised to become a critical platform for the discussion of trade and economic issues.   © Reuters

Deborah Elms is executive director of the Asian Trade Centre in Singapore.

After talks between the ten-member Association of Southeast Asian Nations plus Australia, China, Japan, New Zealand and South Korea were first launched in 2012, the 15 countries on Sunday finally signed the Regional Comprehensive Economic Partnership on trade.

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