Australia enters world’s biggest trade pact in a time of ‘huge pressures globally’

Australia is entering into the biggest trade agreement ever, a 15-nation partnership that accounts for nearly a third of global output. Prime Minister Scott Morrison and his Trade Minister Simon Birmingham will sign the Regional Comprehensive Economic Partnership on Sunday, an agreement that covers around 30 per cent of the world’s population. “This is a huge accomplishment,” Senator Birmingham told reporters in Canberra. “This is an incredibly important agreement in terms of the timing … we see huge pressures globally on the trading system and of course pressures Australia faces too.” Aside from goods trading, … (full story)

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