The TPP brought together twelve countries from four continents in trade talks that sought to increase trade between all of the involved parties. These countries represent 40 percent of global economic output. Though it has garnered far less publicity, the Regional Comprehensive Economic Partnership (RCEP) has been subject to negotiation since 2011 – two years before the TPP negotiations even began. In this featured Global Summitry Report, Michael Thomas discusses the RCEP’s content and the possible implications for political arrangements and leadership in East Asia.
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Photo by the U.S. Department of Agriculture.