President-elect Donald Trump’s recent announcement that he intends to withdraw the U.S. from the Trans-Pacific Partnership trade deal in favor of bilateral deals, may have given new impetus to China to complete its Regional Comprehensive Economic Partnership, or “R-CEP.” Dave Warner is the spokesman for the National Pork Producers.
Talks just concluded in Indonesia, with the next round coming up in Japan in February.
So now, Warner says the R-CEP nations could gain the upper hand.
R-CEP could create the world’s largest free-trade bloc, covering half the world’s people and 30 percent of the global economy. TPP, if ratified, would cover 40 percent of the world’s economy.