Skip to content
www.npr.org: Asia-Pacific Nations Sign Huge Trade Deal With China While U.S. Sits It Out

Read Full Article Here: https://www.npr.org/2020/11/17/935322859/asia-pacific-allies-sign-huge-trade-deal-with-china-while-u-s-sits-it-out

Asia-Pacific Nations Sign Huge Trade Deal With China While U.S.

He was replying to a reporter’s question on whether the U.S. should join a major trade deal, the Regional Comprehensive Economic Partnership, that 15 Asia-Pacific countries signed on Sunday.

The Peterson Institute for International Economics estimates the new deal could potentially grow the global economy by an annual $186 billion.

It will deliver modest benefits at the outset, according to Deborah Elms, founder and executive director of the Singapore-based Asian Trade Center.

President Barack Obama championed the trans-Pacific trade pact as a hedge against China writing the global trade rules for the 21st century.

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

Related Articles