Malaysia to host Asia’s trade bloc RCEP in October

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Malaysia will host a summit of the Asean-led Regional Comprehensive Economic Partnership (RCEP) in October, as Asia’s economies seek greater trade to offset US tariffs that have slashed growth forecasts.The summit, called by Malaysia’s Prime Minister Anwar Ibrahim, is being billed as a chance for countries representing 30 per cent of the global economy – and more than 2 billion people – to tear down their own trade barriers as the United States restricts access to its giant economy.“The aim is...