Why is Asia-Pacific’s new trade deal so important? | Inside Story
A third of the global economy comes under the new Regional Comprehensive Economic Partnership, or R-Cep.
China, ten southeast asian nations along with South Korea, Japan, Australia and New Zealand have signed the free-trade agreement.
But the U.S. is excluded, leaving Beijing as the dominant economy in the bloc.
So, will this deal help the region’s economy?
Presenter: Bernard Smith
Phar Kim Beng – Founder of the Strategic Pan Indo-Pacific Arena think tank.
Gareth Leather – Senior Economist at Capital Economics.
Stan Veuger – Resident Scholar at the American Enterprise Institute.
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