- The new RECP deal signed expected to eliminate a range of tariffs on imports within 20 years.
- Members make up nearly a third of the world’s population and 29% of global gross domestic product.
- India pulled out last year from RECP, over concerns of lower tariffs to hurt local producers.
RCEP is expected to eliminate a range of tariffs on imports within 20 years writes Tim McDonald for an article published in BBC News.
The new free trade zone will be bigger than both the US-Mexico-Canada...