INSIGHT:Asia petrochemical trades to get strong long-term boost from RCEP

摘要

SINGAPORE(ICIS)--Petrochemical trades within Asia are expected to get a strong boost over the long term from the recently signed Regional Comprehensive Economic Partnership(RCEP)-which formed the world's biggest trade bloc so far.Signatories to the deal are the 10 ASEAN nations(Brunei,Cambodia,Indonesia,Laos,Malaysia,Myanmar,the Philippines,Singapore,Thailand and Vietnam),China,Japan,South Korea,Australia and New Zealand.The RCEP is currently the world's largest free trade agreement(FTA),covering 30% of the world's GDP and the world's population,and about 30% of total global trade.