Vietnamese Prime Minister Nguyen Xuan Phuc (right) claps hands next to other country signatories during the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) trade pact at the Asean summit held online in Hanoi on Nov 15. - AFP This article was published in thejakartapost.com with the title "US being left behind after Asia forms world's biggest trade bloc: US Chamber". Click to read: https://www.thejakartapost.com/news/2020/11/17/us-being-left-behind-after-asia-forms-worlds-biggest-trade-bloc-us-chamber.html.
WASHINGTON (Reuters): The US Chamber of Commerce said on Monday (Nov 16) it was concerned the United States was being left behind after 15 Asia-Pacific economies on Sunday formed the world's largest free-trade bloc, cementing China's dominant role in regional trade.
The Chamber welcomed the trade-liberalising benefits of the new Regional Comprehensive Partnership Agreement (RCEP), saying US exporters, workers and farmers needed greater access to Asian markets. But it said Washington should not join the bloc.
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