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

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

SINGAPORE—Fifteen countries including China signed a major trade deal after years of tricky negotiations, posing an early challenge to President-elect

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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.

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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This post first appeared on wsj.com

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