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Sat Nov 14, 2020, 08:58 PM

Huge Asian trade pact to be signed in coup for China

Fifteen countries will on Sunday sign a sprawling Asian trade deal they hope will help them bounce back from the pandemic and which is seen as a huge coup for China in extending its influence.

The Regional Comprehensive Economic Partnership (RCEP) -- which includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia -- will be the world's largest trade pact in terms of GDP, analysts say.

The agreement to lower tariffs and open up the services trade within the bloc does not include the United States and is viewed as a Chinese-led alternative to a now-defunct Washington trade initiative.

The RCEP "solidifies China's broader regional geopolitical ambitions around the Belt and Road initiative", said Alexander Capri, a trade expert at the National University of Singapore Business School, referring to Beijing's signature investment project that envisions Chinese infrastructure and influence spanning the globe.

https://www.yahoo.com/news/huge-asian-trade-pact-signed-002503549.html

Heckuva job Trumpy.

6 replies, 524 views

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Reply Huge Asian trade pact to be signed in coup for China (Original post)
Yo_Mama_Been_Loggin Nov 14 OP
Newest Reality Nov 14 #1
LSFL Nov 14 #2
orwell Nov 15 #3
roamer65 Nov 15 #4
radius777 Nov 15 #5
betsuni Nov 15 #6

Response to Yo_Mama_Been_Loggin (Original post)

Sat Nov 14, 2020, 09:07 PM

1. America First?

Ah, America last.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat Nov 14, 2020, 09:11 PM

2. At least the dreaded TPP wasn't enacted.

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Response to Yo_Mama_Been_Loggin (Original post)

Sun Nov 15, 2020, 02:16 AM

3. So predictable...

...another stunning "win" for the Trump Mis-administration.

How's that trade war workin' out for 'ya sparky...

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Response to Yo_Mama_Been_Loggin (Original post)

Sun Nov 15, 2020, 02:19 AM

4. The end of the American empire is fast appproaching.

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Response to Yo_Mama_Been_Loggin (Original post)

Sun Nov 15, 2020, 02:22 AM

5. TPP was supposed to counteract this.

Oh well. NAFTA was also about counteracting the power of China and Japan at the time it was enacted.

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Response to Yo_Mama_Been_Loggin (Original post)

Sun Nov 15, 2020, 02:44 AM

6. But trade deals like TPP are BAD (I think Trump stole that idea from someone else).



I don't know if this has anything to do with trade deals, but I live in Japan and have been ordering Land's End clothing for my husband for decades (too nerdy and expensive for me). Last time I tried to order I was shocked by an outrageous duty on ordering. That never happened before. On a 25,744 order total the duty was 31,700. Come on, man. I'm going to go ahead and blame Trump.

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