Australia and India are poised to be key players in the world’s largest free trade deal – the Regional Comprehensive Economic Partnership which should be signed by mid 2020.
There are 15 countries in RCEP excluding the USA. Major players are China, Japan, Indonesia, India and Australia.
RCEP will have a market of over 3.5 billion people and almost 33% of the world’s GDP.
As we have noted before – Trumps’s trade war with China has given some urgency to RCEP negotiations and the 15 countries are set to complete the deal.
Pictured the two Prime Ministers excited about RCEP – Australia’s PM Morrison (left) and India’s PM Modi