China-backed trade pact playing catch-up after U.S.-led TPP deal




 
--
China-backed trade pact playing catch-up after U.S.-led TPP deal
 
October 11th, 2015  
News Manager
 

Topic: China-backed trade pact playing catch-up after U.S.-led TPP deal


China-backed trade pact playing catch-up after U.S.-led TPP deal
By Jack Kim SEOUL (Reuters) - Left outside the U.S.-backed Trans-Pacific Partnership (TPP) trade pact struck last week, China and India approach this week's talks for a huge Asia-wide equivalent with fresh urgency, lest competitor nations steal a march on export access. Beijing is a key driver of the Regional Comprehensive Economic Partnership (RCEP), a proposed 16-nation free-trade area that would be the world's biggest such bloc, encompassing 3.4 billion people. "Member countries will be under pressure to fast-track negotiations for RCEP," said a senior official in India, which is keen to avoid being excluded from major trade accords.

More...
 


Similar Topics
understanding between china and india
Howard cautious over free trade deal on eve of China visit
Shaking hands with Sadam Hussein
Chinese Military Doctrine
Egypt Signs Trade Deal With Israel, U.S. (AP)