the systrelationship for decade. and indeed, the e.u. in the only has a free trade agreement that it signed earlier this year with japan, it wants to have a similar agreement with the asian countries of southeast asia and one with india and companies are getting into the chinese market more heavily to substitute for american rivals like boeing. so the situation that will unfold is that the european asian trade relationship is really going to strengthen. it s $1.6 trillion today that could easily grow to $2 trillion, $2.5 trillion per year while america s trade with europe and america s trade with asia will stagnate or decline. so what you re describing is a world in asia that is moving forward and the united states to a certain extent is being left behind. i mean, the most visible symbol of this is probably the u.s. opting out of the chance pacitr
southeast asia and india and companies like aerobus and others getting into the chinese market more heavily the substitute for their american rivals like boeing. so the situation that s going to unfold is that the european/asian trade relationship is really going to strengthen. it stands at about $1.6 trillion today. that could easily grow to $2 trillion, $2.5 trillion per year, while america s trade with europe and america s trade with asia are probably going to stagnate or even decline. so what you re describing is a world in asia that is kind of moving forward and the united states, to a certain extent, is being left behind. i mean, the most visible symbol of this is probably the u.s. opting out of the transpacific partnership. it s that, but it s also the geopolitical environment, which again, is one of these areas where we can do a before and after comparison. you know, the united states is clearly no longer leading a