As TPP falters, China touts rival Asian trade pact

Published by rudy Date posted on December 1, 2016

Decisions are made by those who show up. As Donald Trump vows to abandon the Trans-Pacific Partnership, a deal aimed at curbing China’s trade dominance, the People’s Republic is wasting no time. It’s taking advantage with the Regional Comprehensive Economic Partnership, a 16-nation trade agreement currently in talks. While many American leaders worry that RCEP will exclude the U.S. from opportunities in Asia, some still hope for a revised form of the TPP. But with Vietnam, Malaysia and Singapore shifting focus to RCEP, that hope is dimming.

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