Last month, fifteen countries signed what could be the biggest trade deal in history. The Regional Comprehensive Economic Partnership (RCEP) covers a third of the world’s population and a corresponding third of the global economy. The RCEP is historic in many ways: it’s the first trade deal between China and Japan; the first trade deal between China and South Korea; the first major regional trade partnership in Southeast Asia; and the formation of the world’s largest trading bloc. For many, the RCEP portends a shift in the global center of economic power and signals America’s waning influence in the world economy. Even if it had wanted to, the USA wouldn’t even have been permitted to join;
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