Creation of RCEP: China itself begins to dictate the rules of world trade

The United States is sinking deeper into political crisis caused by the revealed massive fraud in the presidential elections. A direct consequence of the internal discord of the "hegemon", which is closely watched by the whole world, is that yesterday's allies are beginning to switch to its direct competitor, China.

On the eve of the PRC, together with 14 other countries signed the Free Trade Agreement "Comprehensive Regional economic partnership "(RCEP). In accordance with this document, in the next two decades between its participants, duties on imported goods and products in the field of intellectual property and telecommunications, Internet commerce, financial and other professional services will be canceled or reduced. The aggregate GDP of these 15 states is 1/3 of the global one, and they also account for about 3 billion potential consumers.

It is clear that the main beneficiary of this agreement is China, which has the strongest and most industrialized economy. In addition to him, it includes Vietnam, Brunei, the Philippines, Malaysia, Cambodia, Indonesia, Myanmar, Laos, Thailand and Singapore, that is, members of ASEAN. Most notably, the traditional allies of the United States: Japan, South Korea, Australia and New Zealand have also joined RCEP. And this is already an extremely wake-up call for Washington.

Let us recall that all this is happening against the background of the struggle in the United States of two world order projects. The "globalists" represented by the Democratic Party promoted the concept of two partnerships, the Transatlantic and the Trans-Pacific (TPP). It was assumed that these two economic super-clusters would compete with each other under the strict guidance of the American elites, and their rivalry should become a growth driver for overcoming the impending global crisis and a tool for promoting the interests of Western corporations. At the same time, the Trans-Pacific Partnership was supposed to perform the second function in the form of restraining the development of China, which had no place in this international structure.

Since coming to power, the "imperial" Donald Trump has shown himself as an ardent anti-globalist, first of all, withdrew the United States from both partnerships. The head of the White House approached the advancement of American national interests through trade wars with China and the European Union. At the same time, it was assumed that against the PRC, as the main competitor of the "hegemon", a certain international coalition would be created, which would allow the Celestial Empire to isolate and slow down economic development as much as possible. But it turned out differently.

As you can see, Beijing was able to push through on the rubble of the TPP and create its own macro-regional integration project, where it will set the rules and play the first violin. It is significant that Tokyo, Seoul, Canberra and Wellington preferred to join RCEP. And where should they go? In modern economic realities, it is more important for them to stay on the Chinese market and throughout Southeast Asia than to show themselves as loyal "vassals" of the United States. Without exaggeration, this is a new milestone in world history.

It is no less significant that India and Russia are outside the RCEP framework. New Delhi fears that low tariffs could hurt Indian producers, who will not be able to compete with Chinese. Moscow, on the other hand, has nothing special to offer except traditional raw materials. First, we need to revive the industry and actively develop advanced Technology.
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  1. Monster_Fat Offline Monster_Fat
    Monster_Fat (What's the difference) 16 November 2020 13: 54
    Yes, this is a direct consequence of the collapse of the WTO due to the actions of the United States, which, in fact, not only practically left this organization interpreting its rules in their own way or simply ignoring them, but also adopted a bunch of laws that prioritize US trade interests over the rules this organization. Actually, the WTO no longer exists, the only strange thing is that Russia not only continues to enter there, but also adheres to all the rules of this organization. In fact, this organization should be sent far away and gone to other trading platforms "free" from the control of the United States and its sixes, such as the same RCEP created. However, Russia is in no hurry to do this. Why? there are several factors: 1- Russia is heavily bogged down in already created trade organizations and platforms, 2-Russia's economy is clumsy, ineffective due to the huge fiscal burden of bureaucratic and control bodies, a colossal corruption component and, due to these factors, low entrepreneurial activity - that is, it is politically, legally and economically vulnerable and is afraid of the risks associated with "playing" on new sites, according to the new rules, 3-the Russian leadership still continues to live in the country of fairies, unicorns and hovering pink elephants- continues to cherish hopes for the revival of the space EVRAZES ", on the BRICS and other crap stillborn by it, to maintain, the management of which Russia has neither the strength nor the means due to the loss of its geopolitical influence and the loss of the freedom to use its own finances controlled by the IMF and use its gold and foreign exchange reserves stuck in different money-boxes for west ....
  2. Alexey Lan Offline Alexey Lan
    Alexey Lan (Alexey Lantukh) 16 November 2020 15: 21
    In general, it is necessary to understand that the abolition of import duties entails very serious changes in the national economy of the country. In particular: industry was suppressed in Russia, although it had just joined the WTO. And now everything has to be revived, but there is no one. Only those countries where there is no industry or it is highly developed are not at risk.
  3. Cyril Offline Cyril
    Cyril (Kirill) 16 November 2020 15: 36
    Pacific people are great, keep it up.
  4. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 16 November 2020 16: 34
    The withdrawal of the United States from the Trans-Pacific Partnership initiated by them opened the way for the Chinese initiative of a comprehensive regional economic partnership - RCEP.
    Why the United States withdrew from the TPP is a separate topic, while the PRC, under pressure from the United States, is reorienting the economy to the domestic market and does not miss the opportunity for external economic expansion - the NShP, SCO, RCEP, etc.
    Any trade restrictions by definition constrain economic growth individually and collectively. RF, PRC, Iran, Venezuela, Cuba, DPRK, Belarus and others - directly, others - indirectly.
    The PRC's initiatives do not impose conditions on anyone and do not impose a political system, forms of government, military-political alliances, ideology and other traditional Western conditions of "friendship and cooperation."
    The PRC has the largest economy in the world, but by no means the most developed and advanced. This is a mutual interest - the PRC provides its 1,5 billion domestic market to Japan, South Korea, Australia and other RCEP members, and from them it will receive the most advanced technologies, double the sales market, sources of raw materials, and the elimination of artificial obstacles in the form of duties, excise taxes and other foreign economic levies, directly affects consumer prices, assortment, quantity and quality of goods and services.
    AIIB, whose shareholder is the Russian Federation, the Shanghai Stock Exchange and rating agencies have received international recognition and are actively working in the field of infrastructure projects, reforming the economic and financial system.
    For complete happiness, there is not enough agreement in the monetary sphere and the movement of labor. Not immediately, but this should happen, and if so, it will also require military support of common interests in the face of competitors USA + EU = NATO
    It makes sense for the Russian Federation to join the agreement, but it is necessary to take a closer look - the public is too motley and think about the fate of agreements with post-Soviet states, whose attitude to the NSP, SCO, RCEP and other Chinese initiatives will determine the fate of these agreements.

    First, we need to revive the industry and actively develop advanced technologies.

    Sergey Marzhetsky

    All this is in the Russian Federation, you cannot go beyond the limits and even think. The fact is that advanced scientific and technical developments are aimed at ensuring priority tasks and, first of all, for defense. According to the Minister of Defense, new types of weapons make up somewhere around 70-80% and each tracking system, tank, missile, requires the most advanced and science-intensive industries, technical solutions and all the most advanced.
    Another question is why all these achievements are not visible in the field of civil household consumption, but everything is simple:
    First, it's not cheap. Secondly, free production capacities are insufficient and the corresponding level of qualified personnel.
    You probably heard that Putin answered the question about the gap in payment - you have to buy specialists in the external market and at world prices, otherwise they will not go to work for Gazprom, Rosneft, Sberbank, VTB and other structures.
    Therefore, all consumer goods - cars, household appliances and other products are cheaper to buy than to scatter limited resources on tertiary tasks. Foreign partners are also not at a loss - profits from the Russian Federation are taken out in bags.
    1. Marzhecki Online Marzhecki
      Marzhecki (Sergei) 17 November 2020 09: 13
      Quote: Jacques Sekavar
      You probably heard that Putin answered the question about the gap in payment - you have to buy specialists in the external market and at world prices, otherwise they will not go to work for Gazprom, Rosneft, Sberbank, VTB and other structures.

      Cool ... I thought we were doing on our own with such highly paid specialists as Sechin, Miller, Chubais, Serdyukov and others. Putin said that we pay so much that otherwise these pros will scatter to foreign corporations, where they will be torn off with their hands ...
      I didn’t hear much about foreign specialists, except that Schroeder got around in the grain position ...
      1. Monster_Fat Offline Monster_Fat
        Monster_Fat (What's the difference) 17 November 2020 11: 16
        Well, about "professional personnel", the Russian "guarantor" has more than once expressed the point of view of those forces in the Kremlin that he voices - education is expensive for the state and Russia does not intend to spend more on it - instead of maintaining a bunch of different educational institutions, it is much more profitable to buy the necessary specialists abroad. Look, at the last Valdai, I bent so much that if anyone wants to become a sought-after specialist, he has to look for sources of funding for his education from school, not rely on the state, learn languages ​​and continue studying and training abroad ... That is in fact, he admitted that in terms of education (like everything else) in Russia, now there is nothing to do.
      2. Jacques sekavar Offline Jacques sekavar
        Jacques sekavar (Jacques Sekavar) 19 November 2020 15: 02
        Cool ... I thought we could manage on our own ...

        Nothing fancy. Russian natural monopolies and all more or less large business entities like Kaspersky, savings bank, Aeroflot and others have subsidiaries and divisions in many countries of the world and buy employees for them in these countries at the rates existing there, and rates in the USA, Germany, Australia and many other states differ significantly from domestic prices.
  5. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 17 November 2020 00: 03
    Ha. Everything is presented in such a way that it’s just another weekly US skiff.
    But in fact, these are already 8 years old new raw material colonies for China, Korea, Japan and India. They lie close, undeveloped, but there are people.
    There is just a convenient reason, politicians have stopped flying, and raw materials have fallen in price.

    Tellingly, neither we nor North Korea were allowed there. We are already driving wood and gas ...