Vietnam's Prime Minister Nguyen Xuan Phuc (L) sits next to Minister of Industry and Trade Tran Tuan Anh as they watch a screen showing Chinese Minister of Commerce Zhong Shan (R) signing next to Chinese Premier Li Keqiang during the virtual signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) Agreement during the 37th ASEAN Summit in Hanoi, Vietnam November 15, 2020. REUTERS/Kham
WASHINGTON: The US Chamber of Commerce said on Monday 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 U.S. exporters, workers and farmers needed greater access to Asian markets. But it said Washington should not join the bloc.
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