trade pact: Trade Minister Simon Birmingham has travelled to Singapore for talks on a 16-country agreement known as the Regional Comprehensive Economic Partnership, according to Nine News Australia. The trade pact includes the 10 member states of the Association of Southeast Asian Nations as well as Australia, China, India, Japan, New Zealand and South Korea. To improve your experience update it here News National Slow progress on 16-nation trade deal5 51pm Nov 13, remains locked in negotiations to create the largest trading bloc in the world, but does not expect to finalise a deal until at least late next year. If the deal comes to fruition, it will include half the world's population and one-third of its GDP. Ten of Australia's 15 largest trading partners are included in the agreement. But after trade ministers met late into Monday night, it was clear their hopes were dashed. Some countries wanted to conclude negotiations this week, on the sidelines of the ASEAN summit.
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