Asia-Pacific Trade Deal
- APAC Advisors
- Nov 30, 2020
- 1 min read
Updated: Mar 28, 2023
TRT, Turkish Public Broadcast Service, 30 November 2020
Following nearly a decade of negotiations, 15 countries have signed a mammoth trade deal that will redraw global supply chains and reshape the world's economy. The countries that now make up the Regional Comprehensive Economic Partnership (RCEP) account for nearly a third of the world’s population and thirty percent of its GDP. But with Beijing taking the lead and the US excluded, are the Americans losing the trade war with China?