WHY THE U.S. COULD BE THE BIG LOSER IN THE HUGE RCEP TRADE DEAL BETWEEN CHINA AND 14 OTHER COUNTRIES
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19.11.2020
Time (17 November 2020)
Amy Gunia
When 15 nations across the Asia-Pacific region inked the largest regional free trade agreement ever on Nov. 15, there were no handshakes or state dinners—but the significance of the deal was no less dramatic for it.
The Regional Comprehensive Economic Partnership (RCEP), signed via videoconference due to COVID-19 travel restrictions, brings together countries that comprise some 2.2 billion people and 30% of the world’s economic output.
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