[Southern + November 17 News] According to media reports, 15 Asia-Pacific economies formed the world's largest free trade group on November 15, shutting out the United States. The American Chamber of Commerce expressed on November 16 that it was worried that this move would weaken the presence and influence of the United States in the Asia-Pacific region, and hoped that the United States would return to the TPP (Trans-Pacific Partnership Agreement).
According to reports, RCEP is a multilateral free trade agreement initiated by ASEAN countries to reduce tariffs, promote regional economic cooperation and establish a unified market. After the signing of the agreement, it will cover China, Japan, South Korea, New Zealand, Australia, and 10 ASEAN countries, covering trade, services, investment, e-commerce, telecommunications, and copyright. It will bring huge business opportunities to these 15 countries and create more jobs. , Which in turn stimulates the GDP growth of the entire region.
The U.S. Chamber of Commerce is an American lobbying group that represents a number of companies and trade associations. It is not an official unit of the U.S. government. It is one of the largest lobbying groups in the United States. Its executive vice chairman Brilliant said that RCEP brings The impact may not be limited to the Asia-Pacific region. For the United States, the agreement may weaken the competitiveness of US companies in the Asia-Pacific region. Prior to this, Trump stubbornly withdrew from the TPP negotiations, causing the United States to be excluded from two important Asia-Pacific trade agreements and its influence was damaged. Briente believes that the United States should adopt a more forward-looking strategic effort and rejoin the TPP to maintain a solid economic presence in the Asia-Pacific region. According to reports, the Trump administration has now taken action to win limited new opportunities for US exporters in other parts of Asia.
Briliante pointed out that in recent decades, US exports to the Asia-Pacific market have grown steadily, but the market share of US companies has declined. He emphasized the importance of the Asia-Pacific market and cited forecasts that the average growth rate of the Asia-Pacific market in 2021 will exceed 5%, and the middle class will expand rapidly.
proofreading: Cao Boying
