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Honesttrader

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24/01/17

15:13

Post #: 22107863
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Originally posted by footy ↑

Multinational corporations do have a backup plan, now that the T.P.P. is dead. It’s called R.C.E.P., the Regional Competitive Economic Partnership. It is made up of sixteen countries, all in Asia. Many were signatories to the T.P.P. The trade zone is not quite as big—R.C.E.P. represents less than a third of the global economy—but, in many ways, it’s a lot easier to join. The U.S. is not a member, and there are virtually no environmental or labor standards required. One country that is a member of R.C.E.P. is China, and it will be the nation that will dominate what will soon become the world’s largest trade zone.

http://www.newyorker.com/business/adam-davidson/what-the-death-of-the-t-p-p-means-for-america

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