# Multilateralism Makes a Comeback: the RCEP, Canada, and China

> 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.

- Date: 2021-01-18 · published 2021-01-18T12:00:00.000Z
- Category: trade · region Asia-Pacific · magnitude low
- Page: https://feedsoft.ai/events/49119-multilateralism-makes-a-comeback-the-rcep-canada-and-china
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Sources

- asiapacific.ca: https://www.asiapacific.ca/publication/multilateralism-makes-comeback-rcep-canada-and-china

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.