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Asian Trade Moves on Without the United States

November 23, 2020

Episode Notes:

On Nov. 15, Asia’s leading countries signed the newest and largest regional trade deal in the world. The Regional Comprehensive Economic Partnership is a 15-member agreement that includes Association of South-East Asian Nations, as well as Australia, China, Japan, New Zealand, and South Korea. Notably absent are India and the United States. The deal highlights America’s relative economic decline in Asia. China is now the largest economy in the region and when it comes to Asia’s largest free trade deals, the United States is on the outside looking in.

Evan Feigenbaum — vice president for studies at the Carnegie Endowment for International Peace — joins the Warcast to discuss how the Regional Comprehensive Economic Partnership will impact U.S. strategic interests, and what the upcoming Biden administration can do to shore up its position in Asia despite the toxic politics of trade in the United States.

[ 01:20 ]  Trade and U.S. strategic interests in Asia

[ 04:18 ]  Key elements of the Regional Comprehensive Economic Partnership

[ 06:47 ]  Biden administration response

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