The pact will be Japan's first trade deal involving both China and South Korea, its biggest and third-biggest trade partners, respectively.
This year, the Japanese government estimated that the trade treaty could lift the gross domestic product of the world's third-largest economy by about 2.7 percent.
The trade deal is designed to remove tariffs on 91 percent of goods and standardize rules on investment, intellectual property, and e-commerce, among other trade practices. It also aims to promote optimization of the supply chains within the free trade zone.
The RCEP groups the 10 ASEAN states -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam -- as well as Australia, China, Japan, New Zealand, and South Korea.
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