Asia Looking to Alternative Trade Pacts After US Quits TPP

Governments and business in Asia are preparing to place greater focus on regional trade and economic prospects, following the U.S. decision to withdraw from the 12 nation Trans Pacific Partnership agreement or TPP. Analysts say alternative multilateral trade pacts including the Regional Comprehensive Economic Partnership (RCEP), which includes China, may fill the ‘vacuum’ left by the absence of TPP. The decision, which President Donald Trump called a “great thing for the American...

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