Ministers from 15 countries spanning the Asia-Pacific region on November 15 signed the Regional Comprehensive Economic Partnership (RCEP) Agreement after eight years of talks. The agreement is expected to create the world’s largest free trade area and numerous new supply chains, and make significant contributions to regional economic recovery post COVID-19.
RCEP is the Association of Southeast Asian Nations (ASEAN)’s biggest free trade pact to date, covering a market of 2.2 billion people with a combined size of 26.2 trillion USD or 30 percent of the world’s GDP.
By 7:30 Feb. 11, 2020, 43,099 confirmed cases of 2019-nCoV infection have been reported globally, including 1,018 deaths (1016 in China and 2 outside mainland China). Vietnam has so far reported 15 cases of 2019-nCoV infection.