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Thu Oct 11, 2018, 09:44 AM

US-China tensions make Asian free-trade deal a priority

The US-China trade war gives Southeast Asia fresh impetus to wrap up negotiations on a Beijing-backed free-trade deal that has been in the works for five years, Malaysia’s top trade negotiator has said.

Norazman Ayob’s comments at the South China Morning Post ’s China Conference in Kuala Lumpur echoed suggestions by regional leaders including Singapore’s Lee Hsien Loong that the 16-nation Regional Comprehensive Economic Partnership may be finalised by the end of the year, after 23 rounds of negotiations stretching back to 2012.

Countries such as Singapore and Malaysia had initially viewed the RCEP as of secondary importance to the United States-led Trans-Pacific Partnership (TPP) – but that has changed since the election of US President Donald Trump, who came to power last year on a protectionist platform.

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The RCEP includes the 10 Association of Southeast Asian Nations (Asean) nations as well as China, India, Japan, South Korea, New Zealand and Australia.

https://www.scmp.com/news/asia/southeast-asia/article/2168075/us-china-tensions-make-asian-free-trade-deal-priority

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quad489 Oct 11 #1
Troll2 Oct 11 #2

Response to Troll2 (Original post)

Thu Oct 11, 2018, 11:34 AM

1. ''protectionist platform''...LOL, nothing like protectionist countries whining about our POTUS doing

the same right back at them...LOL!!!

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Response to quad489 (Reply #1)

Thu Oct 11, 2018, 12:10 PM

2. It's a free trade zone with over 10 times the population of the United States

Right around 3.5 billion people total in Eastern, Southeastern and Southern Asia.

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