CNN: TPP vs RCEP? Trade deals explained

[Yavin4]

The Regional Comprehensive Economic Partnership (RCEP) is composed of the 10 member states of the Association of Southeast Asian Nations (ASEAN) and six states with which ASEAN has existing free trade agreements.

The RCEP countries make up 46% of the global population and are worth 24% of global GDP.

However, the deal lacks the protections for labor, human rights and the environment set by the TPP.

IOW, with almost 50% of the world's population working with China, the US will become increasingly isolated economically with consumers and labor getting the worst of it.

[JHan]

1. Thanks Yavin.... sigh. ... K&R

[Trust Buster]

2. Either we will or won't participate in the largest consumer market (Asia) over the next 50 years.

[Hoyt]

3. Exactly. TPP had some protections and encouraged others. But GOPers and Dems killed the TPP for

some reason.

Wait and see what kind of healthcare, education, welfare, social security, etc., we have long-term have trading among ourselves.