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Asia forms world's biggest trade bloc, a China-backed group excluding US

Vietnam's Prime Minister Nguyen Xuan Phuc chairs the 4th Regional Comprehensive Economic Partnership Summit as part of the 37th ASEAN Summit in Hanoi, Vietnam November 15, 2020. REUTERS/Kham

Fifteen Asia-Pacific economies formed the world’s largest free-trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump.

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