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Sun Nov 15, 2020, 11:11 AM

ASEAN, China, other partners sign world's biggest trade pact

Source: AP

By ELAINE KURTENBACH

China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.

The Regional Comprehensive Economic Partnership, or RCEP, was signed virtually on Sunday on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.

“I am delighted to say that after eight years of hard work, as of today, we have officially brought RCEP negotiations to a conclusion for signing,” said host country Vietnam’s prime minister, Nguyen Xuan Phuc.

“The conclusion of RCEP negotiation, the largest free trade agreement in the world, will send a strong message that affirms ASEAN’s leading role in supporting the multilateral trading system, creating a new trading structure in the region, enabling sustainable trade facilitation, revitalizing the supply chains disrupted by COVID-19 and assisting the post-pandemic recovery,” Phuc said.



Read more: https://apnews.com/article/global-trade-summits-coronavirus-pandemic-asia-east-asia-00e9be01d98abe6663af4e80dc2a1772

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Reply ASEAN, China, other partners sign world's biggest trade pact (Original post)
Omaha Steve Nov 15 OP
sandensea Nov 15 #1
ripcord Nov 15 #2
ancianita Nov 15 #3
Grimelle Nov 15 #4
Arthur_Frain Nov 15 #5
bluestarone Nov 15 #6

Response to Omaha Steve (Original post)

Sun Nov 15, 2020, 11:26 AM

1. And Midwest farmers stuck with Orange Amin in 2020

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Response to Omaha Steve (Original post)

Sun Nov 15, 2020, 12:31 PM

2. I guess politics and finances don't have to make sense

China is actively stealing from several of these countries in the South China Sea, do they really expect them to honor trade agreements?

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Response to Omaha Steve (Original post)

Sun Nov 15, 2020, 01:14 PM

3. Kinda makes not having the TPP in place a slight disadvantage.

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Response to ancianita (Reply #3)

Sun Nov 15, 2020, 02:52 PM

4. Obama tried to block China from this.

Bernie, the mofo, fucked us up. He pushed to the point that Hillary had to back away from her support of the TPP.
Trump played with China and Russia for his own benefits. The country never mattered to him. He did it for money.
Bernie did it out of spite and for power.

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Response to Grimelle (Reply #4)

Sun Nov 15, 2020, 04:27 PM

5. Hey.

Y’all might want to check the TOS. You will get alerted on for a post like this.

Don’t shoot the messenger.

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Response to Grimelle (Reply #4)

Sun Nov 15, 2020, 06:26 PM

6. SHAME!!

NOT GOOD here!!

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