In this file:
· NCBA Sees Bilateral Trade Advantage With Asian Countries Despite RCEP
· China seen as big winner in new RCEP trade deal
NCBA Sees Bilateral Trade Advantage With Asian Countries Despite RCEP
Radio 570 WNAX (SD)
Nov 17, 2020
Fifteen countries have entered into the world’s largest free trade agreement know as RCEP, or the Regional Comprehensive Economic Partnership. It includes Asian Pacific nations like China, Japan and South Korea. National Cattlemen’s Beef Association’s Senior Director of International Trade and Market Access Kent Bacus says there is a concern that China is leading that pact, the U.S. still has an advantage with several bilateral trade deals in effect.
He says there are additional bilateral market opportunities the U.S. needs to pursue. They’re eyeing agreements with Malaysia, the Philippines, Thailand and Vietnam.
Bacus says one problem with the RCEP group is they unfairly use non tariff-trade barriers against the countries they trade with...
more, including audio [1:29 min.]
China seen as big winner in new RCEP trade deal
By Ken Anderson, Brownfield
November 16, 2020
China and 14 other nations have signed off on what is being called “the world’s largest trade deal”.
The Regional Comprehensive Economic Partnership (RCEP), which has been nearly a decade in the making, includes Japan, Australia, South Korea, New Zealand, Vietnam and several other Asian countries. Many of those nations are also part of the CPTPP, the free trade agreement that developed after the U.S. exited the TPP negotiations in 2017.
One key player missing from the RCEP agreement is India, which pulled out of the talks last year over concerns about cheap Chinese goods entering the country.
The agreement is seen as a big win for China in extending its influence...