Vietnamese Prime Minister Nguyen Xuan Phuc (left) and Minister of Industry and Trade Tran Tuan Anh, together with leaders of other RCEP member countries, witness the pact signing via videoconference on November 15 (Photo: VNA)

RCEP a bright spot in bleak global economy

The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.