Asian Nations Sign World's Biggest Regional Trade Deal

The transcript discusses the impact of COVID-19 on global trade and the economic recovery efforts led by various nations, including Australia and Indonesia. It highlights the largest trade deal involving ASEAN countries, China, Japan, South Korea, Australia, and New Zealand, which aims to eliminate tariffs on 92% of traded goods. The transcript also addresses the trade tensions between Australia and China, exacerbated by Australia's call for a COVID-19 inquiry. The trade deal could potentially ease these tensions. Finally, the ratification process and the future steps for the trade deal are outlined, with Singapore expected to approve it soon.

What impact did COVID-19 have on global supply chains?

How much are Indonesia's exports expected to increase by?

What is significant about the trade deal mentioned in the text?

What are the implications of China's influence in the region according to the text?

What steps are required for the trade deal to come into effect?