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Nicolas Baverez: "Free trade in the east, protectionism in the west?"

2020-11-22T20:55:44.022Z


CHRONICLE - The shift in the center of gravity of the world economy is confirmed.Launched in 2011, negotiations for the creation of an Asian free trade area ended on November 15 in Hanoi. China, Japan, South Korea, Australia, New Zealand and the ten ASEAN countries have agreed to create with the Regional Comprehensive Economic Partnership (RCEP) the largest trade space in the world, with 30% of the world's population. RCEP pursues two main objectives. Economically, he hopes t


Launched in 2011, negotiations for the creation of an Asian free trade area ended on November 15 in Hanoi.

China, Japan, South Korea, Australia, New Zealand and the ten ASEAN countries have agreed to create with the Regional Comprehensive Economic Partnership (RCEP) the largest trade space in the world, with 30% of the world's population.

RCEP pursues two main objectives.

Economically, he hopes to generate $ 200 billion in additional wealth by 2030. Strategically, he asserts the autonomy of Asia and intends to place it at the head of the next cycle of growth through free- exchange.

The birth of the Asian Free Trade Area is a major victory for China, which succeeds with the RCEP where the United States had failed with the Trans-Pacific Pact.

Beijing diplomacy played a decisive role in easing its positions on access to the Chinese market in order to accelerate the conclusion

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Source: lefigaro

All news articles on 2020-11-22

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