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Asian trade deal set to be signed after years of negotiations

RCEP will cover almost a third of global economic output and leave door open to India

An Asian trade pact almost a decade in the making is set to reach fruition this weekend with negotiators near agreement on the Regional Comprehensive Economic Partnership.

Trade ministers held a video conference on Wednesday to prepare for a Sunday summit of national leaders that may include a virtual signing ceremony. Ministers in Vietnam and Indonesia said they expected a deal.

Covering almost a third of global economic output, RCEP will create unified rules of origin across much of the region to replace a mishmash of bilateral trade deals.

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