Malaysia’s Ministry of International Trade and Industry announced on Friday that the Regional Comprehensive Economic Partnership (RCEP) has come into force in the country.
The free-trade agreement encompasses an estimated 30% of both the world’s population and of its global GDP.
According to the ministry, Malaysia is expected to be the largest beneficiary of the China-backed free-trade deal among Southeast Asian countries in terms of export gains, with a projected $200-million increase
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