China throws a wrench into a transpacific trade pact
economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.
Agricultural subsidies wto green box ensuring coherence sustainable development goals | International economic and trade law, WTO law
cambridge.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge.org Daily Mail and Mail on Sunday newspapers.
Dec 18, 2020
Much has been made of the Regional Comprehensive Economic Partnership (RCEP) since it was signed in November. After all, participating countries account for 30% of the world’s GDP. Conspicuously absent was the United States.
As president-elect Joe Biden prepares for his inauguration, the international community is anticipating how the incoming administration will approach free trade. In some ways, RCEP is the result of America’s shifting attitude on such trade.
In the early stages of the negotiations, China insisted on basing the free trade framework on ASEAN countries “Plus Three” (Japan, China and South Korea). Tokyo, worried about Beijing further expanding its influence, advocated adding India, Australia and New Zealand, to form an “ASEAN Plus Six” framework.