Sizing up the world’s largest trade deal
What should be Europe's strategy towards the Regional Comprehensive Economic Partnership (RCEP)?
On November 15 2020, the 10 members of the Association of Southeast Asian Nations (ASEAN), Australia, China, Japan, New Zealand and South Korea signed the Regional Comprehensive Economic Partnership (RCEP), creating the world’s largest free-trade bloc in terms of gross domestic product.
Bruegel fellows from around the world – Uri Dadush, based in Washington DC; Alicía Garcia-Herrero based in Hong Kong and Suman Bery based in India, bring their knowledge and geopolitical expertise to a heated discussion on this deal, hosted by director Guntram Wolff. What is the RCEP really about? Who will benefit? Why did India withdraw from negotiations on the deal? What implications will it have for Europe and the United States? And more importantly, what should they do?