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New Trade Zone in Asia-Pacific Could Ensure Chinese Global Leadership

Lucas Leiroz

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On November 15th, 15 nations in Asia-Pacific, after eight years of negotiations, sealed the largest trade agreement in the world, known as the Regional Comprehensive Economic Partnership (RCEP). China is part of this new association, which surprises experts for its dimensions: the agreement will not only create the largest free trade area in the world, but will also cover 30% of the world’s GDP and a third of the world’s population. Several world powers are part of the new bloc, including Japan, South Korea, Australia, and New Zealand – however, the Chinese presence is the most notorious.

In fact, the success in the celebration of the RCEP is the result of long and detailed negotiations, which lasted almost a decade and were able to .....