15 countries just signed the world’s largest trade pact. The U.S. isn’t one of them.
National leaders from across the Asia-Pacific region met Sunday to sign the world’s largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP). The pact includes Australia, China, Japan, New Zealand and South Korea, as well as 10 members of the Association of Southeast Asian Nations — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
This is a landmark agreement — its significance is not just economic but geopolitical. The Asian trade pact signals China’s increasing centrality in global trade rulemaking and growing U.S. marginalization.
https://www.washingtonpost.com/politics ... -one-them/
That really worked out well.
John Q. Public