South Korea plans to submit a bill to ratify the Regional Comprehensive Economic Partnership (RCEP), joining New Zealand, China, Australia and the ASIAN countries.
RCEP, creates the world’s biggest trade block covering around 30% of global gross domestic product and around 2.2 billion people.
New Zealand and South Korea already have a comprehensive free trade agreement; however, connecting through RCEP could help open up greater opportunities for New Zealand’s agricultural and horticultural exports.
