onsdag 18. november 2020

RCEP a ‘wake-up call’ for Europe and the US to unite against China

The European Union and the US should see the new Asia-Pacific trade pact as a “wake-up call” for joint action against the growing influence of China, according to a senior EU lawmaker. Manfred Weber, group leader of the European People’s Party – the biggest in the European Parliament – also warned Beijing could expect further restrictive measures if a comprehensive investment treaty was not agreed with the EU by the end of this year.

“If we look at the new China Pacific trade agreement, the RCEP, Europe and the US should see this as a wake-up call to join forces,” he told the South China Morning Post. “We need a reunification of the so-called Western world, now with Joe Biden as a constructive partner, to face this challenge of China. It’s the key question for the upcoming decade,” he said.

The Regional Comprehensive Economic Partnership (RCEP) was signed by China and 14 countries in the Asia-Pacific region, including Japan and Australia, just days after Biden won the US presidential election. The pact creates the world’s biggest free-trade area and weakens US influence in the region.