(Own report) – Germany and the EU are at risk of losing out in the world's most significant growth region, business representatives warn, regarding the world's largest free trade agreement RCEP (Regional Comprehensive Economic Partnership), which became effective on January 1, and is still hardly known in Germany. RCEP is a free trade agreement (FTA) between 15 countries of the Asia-Pacific region, which includes the world's second and third largest economies – China’s and Japan’s respectively. Together, the RCEP countries represent nearly a third of the global GDP. RCEP has the potential of consolidating international supply chains within its member countries, luring production sites away – also from Germany, for example – and to set globally important trade norms and industrial standards. The new free trade alliance is a structural consequence of the shift in the balance of forces from the Atlantic to the Pacific and of former colonies turning their backs on their former colonial powers. German business representatives are calling for swift action to prevent potential losses to the German industry.