Market news
19.03.2021, 14:30

RCEP trade pact seen boosting Japan's GDP by 2.7%

Reuters reports that Japanese government estimate showed that a trade deal among fifteen economies in the Asia Pacific would boost Japan's economy by 2.7% when its benefits fully appear.

15 Asia-Pacific nations signed the Regional Comprehensive Economic Partnership (RCEP) trade agreement in November last year, covering nearly a third of the global population and about 30% of its global gross domestic product. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN).

The trade deal would lift Japan's gross domestic product (GDP) 2.7%, which would be worth about 15 trillion yen ($137.82 billion) based on the nation's economy in fiscal 2019. It would have the value of creating an additional 570,000 jobs, according to the estimate.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location