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Asia-Pacific countries sign one of the largest free trade deals in history

Leaders from 15 countries have signed the Regional Comprehensive Economic Partnership, a pan-Asian trade agreement, after a decade of negotiations.

“We signed [RCEP] today, after a tough slog of eight years”, said Lee Hsien Loong, Singapore’s prime minister. “This is a major step forward for our region. At a time when multilateralism is losing ground, and global growth is slowing, the RCEP shows Asian countries’ support for open and connected supply chains, freer trade and closer interdependence.”

The pact covers about a third of global economic output and marks a big step for the economic integration of the region. Here are five things that explain one of the biggest trade deals in history.

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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