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Utopia Talk / Politics / A Coup for China
| Wed Nov 18 08:47:03|
China and 14 other Asia-Pacific countries signed the world’s largest trade agreement, the Regional Comprehensive Economic Partnership or RCEP, over the weekend.
Analysts said economic benefits from the mega trade pact are modest and would take years to materialize.
But “the diplomatic messaging of RCEP may be just as important as the economics — a coup for China,” said analysts from Citi Research.
SINGAPORE — China and 14 other Asia-Pacific countries signed the world’s largest trade agreement on Sunday — a move that analysts said will further elevate China’s political and economic influence in the region.
The signing cemented the Regional Comprehensive Economic Partnership (RCEP) as the largest trading bloc globally, covering a market of 2.2 billion people and $26.2 trillion of global output. That accounts for about 30% of the population worldwide, as well as the global economy. It is also larger than what’s covered under the United States-Mexico-Canada Agreement (USMCA) and the European Union.
Trump is such a fucking retard. Biden probably won't even be able to get a trade deal even though TPP was basically being negotiated by Republicans and Obama wanted to sign it. The GOP depends too much on mouthbreather retards now.
| Wed Nov 18 11:24:42|
1. There is already a thread on this " rcep rep rcep"
2. Its a multilateral agreement which will likely benefit the smaller nations way more than China, so let them have it.
3. The ine benefit for China is integration, and they will likely seek to sneak in some belt and road shit.
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