Signed and sealed in a video conference ceremony after nearly eight years of grueling negotiations, the world’s largest free trade bloc was forged on November 15 in a show of collective defiance against protectionism that sets the stage for China to supplant the United States as the Asia-Pacific’s main trade engine. Proclaimed as a win…
Ho Chi Minh, in his eternal abode, will be savoring it with a heavenly smirk. Vietnam was the – virtual – host as the 10 Asean nations, plus China, Japan, South Korea, Australia and New Zealand, signed the Regional Comprehensive Economic Partnership, or RCEP, on the final day of the 37th Asean Summit. RCEP, eight…
A major treaty was signed on 16 November 2020 and it has been barely noticed by the western media. The treaty in question was between 15 predominantly Asian states, with two exceptions being Australia and New Zealand. It is called the Regional Comprehensive Economic Partnership with (RCEP). The signatories to the historical agreement are the…
Chinese Belt and Road Initiative (BRI or B&R), a global transport and economic project, is well known world-wide. While some countries endorse it, many others consider it a form of Chinese expansion designed to subordinate the economies of other countries to China. India, for one, shares this opinion towards B&R. In order to minimize China’s…
China has made a decisive move to strengthen ties with one of its main partners in Southeast Asia by opening its markets for duty-free trade. Leaders in Beijing and the Cambodian capital of Phnom Penh strengthened their political and economic ties at a time when the U.S. actively opposes China and the EU renewed sanctions against…
In a move that promises to rile China, Germany has officially joined the “Indo-Pacific” geopolitical club as outlined in a new 40-page policy guideline. The document makes Germany the second European nation, along with France, to adopt a formal strategy for the region. Though falling short of taking sides in Donald Trump’s new Cold War…
