The World's Biggest Trading Bloc Gets a Step Closer
- Asia Pacific ministers work toward RCEP agreement by year end
- 16-nation pact would cover one-third of the world economy
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Asian trade ministers took another step toward creating what could be the world’s biggest trading bloc on Sunday, expressing hope that a deal could be signed by the end of this year.
Ministers from the 16-nation Regional Comprehensive Economic Partnership, which includes China, Japan and India but not the U.S., met in Tokyo on Sunday to try and thrash out remaining differences.