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Regional Comprehensive Economic Partnership (RCEP)

 OMG, the US is left out? Economists will go nuts. However, inclusion, once again would level the standard of living between Asia and the US. Sure there are “filthy rich Asians,” but those are not Asian workers who remain poorly paid and poorly treated. New Zealand, Japan and Australia will have to adapt to a loss of strategic manufacturing and unemployment. We have been through that once and have only fractionally recovered. Don’t go back to a partnership with only a fractional vote and the same asymmetric predatory trade. 

RCEP includes: Malaysia, Cambodia, Thailand, Singapore, Vietnam, Brunei, New Zealand, Australia, Philippines, Myanmar Indonesia Laos Japan and China, with China dominating logistics and finance.



 

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