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After eight years of back-and-forth negotiations, Asia’s Regional Comprehensive Economic Partnership on Trade (RCEP), the world’s largest regional trade agreement, was signed in an online ceremony on 15 November 2020. While more limited than the U.S.-led Trans-Pacific Partnership (TPP-12) and its successor, the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), it is a major regional free trade agreement that poses challenges for the United States, which opted out of TPP-12 and CPTPP and was not part of RCEP, and could displace some U.S. exports to the region.
What Will a Biden Administration Mean for Asia Trade Policy in 2021?
What Will a Biden Administration Mean for Asia Trade Policy in 2021? January 25, 2021 Posted by China Briefing Written by Kyle Freeman Reading Time: 5 minutes
After four years of an America First trade policy under the Trump administration, the incoming Biden administration will be looking to conduct a course correct and pursue a broader, more multilateral trade policy.
Though some policies, such as a stronger stance on China, will likely remain from the Trump administration, the incoming Biden administration has strongly signaled it will look to repair trade ties with traditional partners and reengaging with international bodies such as the World Trade Organizations (WTO).
Czech newspaper: Vietnam – bright spot in COVID-19 combat, economic growth english.vov.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.vov.vn Daily Mail and Mail on Sunday newspapers.
MORNING REPORT/RNZ
Joe Biden is hinting at closer ties with New Zealand and the wider Asia-Pacific region when he takes charge in the White House.
New US President Joe Biden moved the most powerful country in the world closer to New Zealand’s position on climate change in the immediate hours after taking office, and will likely do the same on other issues in the coming months. Soon after his inauguration, Biden issued an executive order that will see the US rejoin the Paris climate agreement, an international effort aimed at limiting global warming to 2C.
Evan Vucci/AP