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US-led US-Asian pact spurs China's Asian trade bloc, S.Korea minister says
GENEVA, Nov 5 (Reuters) - China will later this month enter talks to create an Asian free-trade bloc covering 28 percent of world GDP, a reaction to U.S. progress in forming a Trans-Pacific Partnership that excludes China, South Korean Trade Minister Taeho Bark said on Monday.
The RCEP, or Regional Comprehensive Economic Partnership, will be comprised of the 10-nation ASEAN club plus six others: China, India,Japan, South Korea, Australia and New Zealand.
