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Economics Explainers

Explainers: What is the Regional Comprehensive Economic Partnership (RCEP)?

The RCEP was initiated in November 2012 in Phnom Penh, Cambodia by ASEAN with the goal of fostering multilateral trade among the deal’s signatory states and India. While involved in the negotiation process, India withdrew in 2019 over concerns that tariff reductions will harm local producers.

Categories
China Economics Europe & Eurasia Politics & Government

China-EU Investment Deal: A Return to Bipolarity?

Many observers warn that the CAI may be China’s way of undermining US-EU relations and preventing the Biden administration from crafting a transatlantic China strategy.