Australia enters world's biggest trade pact in a time of 'huge pressures globally'

Australian Trade Minister Simon Birmingham (right) and Australian Prime Minister Scott Morrison react after signing the Regional Comprehensive Economic Partnership (RCEP).

Australian Trade Minister Simon Birmingham (right) and Australian Prime Minister Scott Morrison. Source: AAP

Australia is a member of the world's biggest trading agreement, a 15-nation pact that has been eight years in the making.


Australia is entering into the biggest trade agreement ever, a 15-nation partnership that accounts for nearly a third of global output.

Prime Minister Scott Morrison and his Trade Minister Simon Birmingham will sign the Regional Comprehensive Economic Partnership on Sunday, an agreement that covers around 30 per cent of the world's population.

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