China-backed RCEP trade deal unlikely to benefit developing members in short term, analysts say

Summary:
[unable to retrieve full-text content]The Regional Cooperation Economic Partnership (RCEP) is unlikely to bring immediate significant benefits for its developing member countries in terms of flow of goods and services or major infrastructure investments, analysts and economists said.The pact needs to be ratified by all countries, which may take time, and has different levels of tariff reductions for each country and product, experts told the Reuters Global Markets Forum.That means labour-intensive countries may get more imports…

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