GLOBALink | Japan approves RCEP, expecting bigger growth

Japan's upper house of parliament on Wednesday approved the world's largest free trade deal, which comprises 15 Asia-Pacific countries, including all the 10 members of the Association of Southeast Asian Nations (ASEAN).

The Regional Comprehensive Economic Partnership (RCEP), which could feasibly enter into force later this year, will create a massive free trade zone covering roughly 30 percent of the world's gross domestic product, trade and population.