Australia Ratifies World’s Biggest Trade Agreement With 15 APAC Countries

Vietnam's Prime Minister Nguyen Xuan Phuc is pictured on the screen (R) as he addresses his counterparts during the 4th Regional Comprehensive Economic Partnership (RCEP) Summit at the Association of Southeast Asian Nations (ASEAN) summit being held online in Hanoi, Vietnam on Nov. 15, 2020. Nhac Nguyen/AFP via Getty Images

Australia has ratified one of the biggest trade deals spanning the Asia-Pacific region, but has maintained “grave concerns” over the political situation in Burma, also known as Myanmar.

The Regional Comprehensive Economic Partnership (RCEP) includes 15 signatories, covering 2.2 billion people, and 29 percent of global GDP.