RCEP and the Challenge for the United States and U.S. Businesses

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement initiated by Indonesia, between the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. It was signed by all participants November 15, 2020, and needs to be ratified by 6 ASEAN countries and 3 non-ASEAN countries to become an active free trade agreement.

 

What does this mean for the United States and it’s relationship with the participating countries? How will the incoming US Administration tackle the rising influence of China in the region? What could this mean for FDI in the region? What are the US chances of a return to the TPP under this administration? What impact could this have on global trade flows?

 

Come hear two highly-qualified speakers, Jeff Schott of the Petersen Institute (named after the founding chairman and former Secretary of Commerce Peter G. Peterson) and John Goyer from the U.S. Chamber of Commerce, share their thoughts on RCEP and China’s muscle-flexing moves in Asia.