Taiwan exports set to suffer from RCEP trade deal exclusion

Business leaders fear Taiwan could lose its competitive edge after being left on the sidelines of the region’s largest free trading bloc, formed by China and 14 other countries.The Regional Comprehensive Economic Partnership (RCEP) will cut as much as 90 per cent of tariffs between China, Japan, South Korea, Australia, New Zealand and the 10 members of Asean.Taiwanese President Tsai Ing-wen reassured the public that the economic impact of the self-ruled island’s exclusion from the RCEP would be…

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