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Fifteen Asia-Pacific nations, including China, Japan, South Korea, Australia and New Zealand, announced the Regional Comprehensive Economic Partnership in November 2020, creating the world's largest free trade agreement. The agreement will enter into force once ratified by at least six ASEAN and three non-ASEAN signatories, expected later in 2021.
Harmonised rules of origin and tariff cuts could expand regional agricultural and feed trade over time, but the effect on near-term grain and oilseed prices is limited.
asiapacific.caBrian GoldJan 18, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
