{"id":469012,"date":"2020-11-16T15:20:05","date_gmt":"2020-11-16T14:20:05","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=469012"},"modified":"2020-11-16T15:20:05","modified_gmt":"2020-11-16T14:20:05","slug":"donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/11\/16\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\/","title":{"rendered":"Donald Trump&#8217;s other defeat: China at the helm of the world&#8217;s largest trading zone &#8230;"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>While the African Continental Free Trade Area (AfCFTA), although having reached its minimum threshold of ratification, is struggling to get out of the rut (because, it is argued, of the coronavirus) China, Japan, South Korea, Australia, New Zealand and the countries of the Association of Southeast Asian Nations (ASEAN), in a virtual conference on November 15, 2020, launch the largest free trade area in the world in terms of GDP and populations, with 2 billion inhabitants, or 30% of the world population.<\/p>\n<p>Important point to sign, the Regional Comprehensive Economic Partnership (RCEP), under negotiation for ten years, was achieved without the United States of Donald Trump. The latter, barely taking his oath, had torpedoed, in January 2017, with large reinforcements of slogans, the largest competing project to the RCEP, namely the Trans-Pacific Free Trade Treaty (TPP), promoted by its Democratic predecessor, Barack Obama, whom he wanted to forget at all costs.<\/p>\n<p>In fact, Donald Trump had opened a boulevard for China. Aligned with the US, the India of Prime Minister Narendra Modi, an ultra-nationalist who threatens peaceful coexistence between Hindus and Muslims, had withdrawn from RCEP. After ten years of negotiations, it is the effectiveness of Chinese diplomacy that prevails over the American unilateralism of the past four years and the following of New Delhi.<\/p>\n<p>The birth certificate of the Regional Comprehensive Economic Partnership (RCEP) will gradually lower the tariffs applied to most goods traded in the region. The agreement encompasses intellectual property but excludes protection of workers and the environment, which shows its capitalist inspiration.<\/p>\n<p>The agreement therefore concerns the ten ASEAN states &#8211; Indonesia, Thailand, Singapore, Malaysia, Philippines, Vietnam, Burma, Cambodia, Laos and Brunei &#8211; and China, Japan, South Korea, Australia and New Zealand. India could join the deal later.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>While the African Continental Free Trade Area (AfCFTA), although having reached its minimum threshold of ratification, is struggling to get out of the rut (because, it is argued, of the coronavirus) China, Japan, South Korea, Australia, New Zealand and the countries of the Association of Southeast Asian Nations (ASEAN), in a virtual conference on November<\/p>\n","protected":false},"author":536282,"featured_media":469013,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12040,12046],"tags":[435,16779,16780],"class_list":["post-469012","post","type-post","status-publish","format-aside","has-post-thumbnail","category-feature","category-international-institutions","category-leaders-en","tag-china","tag-donald-trumps-other-defeat","tag-trading-zone","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Donald Trump&#039;s other defeat: China at the helm of the world&#039;s largest trading zone ... - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/16\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donald Trump&#039;s other defeat: China at the helm of the world&#039;s largest trading zone ...\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/16\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T14:20:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2020\/11\/Trump-xi-jinpin-696x464-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Donald Trump&#8217;s other defeat: China at the helm of the world&#8217;s largest trading zone &#8230;\",\"datePublished\":\"2020-11-16T14:20:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/\"},\"wordCount\":303,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Trump-xi-jinpin-696x464-1.jpg\",\"keywords\":[\"China\",\"Donald Trump's other defeat\",\"trading zone\"],\"articleSection\":[\"Featured\",\"International Institutions\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/\",\"name\":\"Donald Trump's other defeat: China at the helm of the world's largest trading zone ... - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/16\\\/donald-trumps-other-defeat-china-at-the-helm-of-the-worlds-largest-trading-zone\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Trump-xi-jinpin-696x464-1.jpg\",\"datePublished\":\"2020-11-16T14:20:05+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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