RCEP

The agreement means countries reliant on cheap labour could end up importing more than they export, analysts say.

One-third of China's foreign trade goods to be tariff-free after deal implementation

The signing last Sunday of the RCEP, the Regional Comprehensive Economic Partnership, is a significant achievement. Eight years of negotiation yielded an agreement whose members account for 2.2 billion people and about 30% of the global economy. By those measures, it is the largest trade deal in history.

Tras la firma de la Asociación Económica Integral Regional (RCEP, por sus siglas en inglés), China acelerará las negociaciones de tratados de libre comercio con otras economías y bloques, aseguró Zhong Shan, ministro chino de comercio.

Massive trade agreement expected to lower trade barriers and accelerate regional integration as manufacturers look to develop new markets in Asia. Full integration is a work in progress, as spread of non-tariff barriers and differences between countries’ regulatory regimes continue to thwart truly free trade

Leader of European Parliament’s largest party says reunification of so-called Western world needed now. Manfred Weber also blasts Beijing as an ‘enemy’ to EU ideas about what society should look like based on developments in Hong Kong

La CDU/CSU (Unión Demócrata Cristiana de Alemania y Unión Social Cristiana de Baviera) subrayó que la Unión Europea necesita promover rápidamente las negociaciones de acuerdos de libre comercio con sus socios, porque el RCEP es una llamada de atención para el bloque.

"A menos que el gobierno de Biden regrese al TPP, los países de América Latina se verán atraídos a la mayor cuota de mercado en Asia que ahora está representada por el RCEP", agrega Cynthia Arnson, experta del Wilson Center en las relaciones entre ambas regiones.

Studies show the benefits of Regional Comprehensive Economic Partnership (RCEP) will not outweigh the negative impact of the long-running US trade war on China’s economy. However, analysts agree the trade pact, which covers 30 per cent of the global economy, is far more strategically significant than in direct economic impact