Business
RCEP trade deal boosts Australian exporter share prices // Motley Fool Australia
Export-heavy shares have been given a boost today after Australia confirmed its participation in the world’s largest ever free trade agreement – the Regional Comprehensive Economic Partnership (RCEP).
In earlier trading, major Australian wine exporter Treasury Wine Estates Ltd (ASX: TWE) share price rose by 3% to $9.46. Crop protection developer Nufarm Limited (ASX:NUF) is up 2% to $4.07, while copper exporter Sandfire Resources Ltd (ASX: SFR) also lifted 2% to $4.36.
What’s the big deal with RCEP?
RCEP has been billed as the world’s largest ever trade deal, covering more than 30% of global GDP, and 30% of the world’s population. It has been 9 years in the making, and its founding members announced over the weekend…
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