Asia-Pacific Countries Sign Major Trade Pact in Test for Biden

The pact will bind their economies closer together and signals Beijing’s growing influence in the region

President-elect Joe Biden has sent signals that the U.S. will remain tough on China, from trade to technology. WSJ’s Jonathan Cheng explains the new administration’s policy approach and how China might respond. Photo: Lintao Zhang/Associated Press

香蕉视频苹果下载SINGAPORE—Fifteen countries including China signed a major trade deal after years of tricky negotiations, posing an early challenge to President-elect Joe Biden as he formulates his administration’s trade policies.

香蕉视频苹果下载Sunday’s agreement, called the Regional Comprehensive Economic Partnership, or RCEP, creates a regional bloc that covers around a third of global economic output.


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