Korea forced to walk fine line between RCEP and CPTPP
President Moon Jae-in claps during the signing of the RCEP trade deal, at Cheong Wa Dae, Sunday. Japanese Prime Minister Yoshihide Suga, left in the screen, is seen during the virtual ceremony. Korea Times photo by Wang Tae-seok Country sandwiched between US, China over mega trade deals By Do Je-hae Some global mega trade deals involving or possibly involving Korea are expected to bring the country additional challenges. The signing of the 15-member Regional Comprehensive Economic Partnership (RCEP) by Korea, China, Japan, Australia, New Zealand and the 10 ASEAN nations, Sunday, during a virtual meeting of signatories has raised questions about the possible emergence of a multilateral trade rivalry between the U.S. and China, particularly under a new U.S. administration.With the launch of the RCEP, which is described by the international media as “China-led,” speculation is rising that a Joe Biden White House could pursue the Comprehensive and Progressive Agreement
Nov 16, 2020By Do Je-hae