Japan will need strategies to benefit from RCEP

Japan is expected to see big benefits from the world's biggest trade pact, which is set to come into effect from January.

But the country will need to come up with strategies so that rules and international order are maintained within the framework.

The Regional Comprehensive Economic Partnership, or RCEP, will eventually cover about 30 percent of the world's population and gross-domestic product.

Its 15 members include China and other economies in the Asia and Pacific.

It would eliminate tariffs on over 90 percent of goods.

RCEP is expected to help lift Japan out of an economic downturn caused by the coronavirus pandemic.

But the United States is not a member. There is a view that in the absence of the world's biggest economy, the pact will elevate China's role and influence.

Another Asian powerhouse, India, was taking part in negotiations at the beginning. But the country held off on sealing the deal.

Japan's Foreign Ministry says RCEP will first come into force on January 1st with 10 of the countries, including Japan and China.

It would be Japan's first free-trade agreement with China, its biggest trading partner.