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Title:
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How An Australia-Canada-Japan Led TPP-11 Trade Deal Compares To China's Alternative
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Author:
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Ralph Jennings
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Source:
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Forbes
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Date:
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March 13, 2018
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Description:
- Eleven countries just signed the revived Trans Pacific Partnership, a huge free trade deal that once stood to cut import tariffs in 40% of the world economy. The United States backed out last year, ceding the leadership informally to Australia, Canada and Japan. The remaining 11 states went on to tweak the agreement. The slimming-down and remaining signatures make this trade deal more attractive to businesses than a similar concept advanced by economic superpower China, analysts say. It's known as the Regional Comprehensive Economic Partnership, or RCEP.
