... United States is in
no hurry
to return due to
political problems domestically
.
The multilateral structure of the new framework is, naturally, aimed at containing China and precluding the successes of the Regional Comprehensive Economic Partnership (RCEP) through shoring up U.S. dominance in the region and exporting American-fashioned institutions, regulatory practices and certification standards for investment projects. It is also designed to reduce China’s admittedly very low chances of
joining ...
RCEP will deliver a strong impulse to greater liberalization in the world economy in the coming years
RCEP will deliver a strong impulse to greater liberalization in the world economy in the coming years, with US and China increasingly likely to compete ...
... Free Trade Area. Against the background of today’s abundance of mega-regional formats of economic integration, the APEC relies on existing negotiation formats – the Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP). The problem is that neither of these formats is in particularly good shape right now. Following the withdrawal of the United States from the TPP, the remaining countries are trying to agree on at least something in the TPP-11 format, “freezing” ...