THE GREATEST TRADE AGREEMENT IN HISTORY
The largest trade agreement in the world is under construction and China’s participation in this bloc does not surprise us. In addition to the Asian giant, several countries in the Asia-Pacific are willing to commit to this initiative.
Understand how China will be part of this gigantic project!
- What are the signatory countries
- Objectives of the Agreement
- Sum of countries’ economies
- What does its means for Brazil
- Projected impact on countries’ economies between 2020-2030
- And much more!
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90% of products sold without fees
30% of world GDP among signatory countries
+$428 billion in trading until 2030
The RCEP forecasts a drop of 48 billion dollars in negotiations with non-member countries, while the estimated increase for intrabloc negotiations is more than 428 billion dollars by 2030!
The aim is to strengthen regional integration and reduce dependence on the West.
All estimates are being calculated without the presence of India in the bloc. In other words, if the Indians decide to participate in the bloc, these projections will be even higher!
Concerning Brazil, even though it presents a possibility of increasing soy exports to the main countries of the bloc, there is a great challenge: to compete with direct competitors such as Australia (ore) and Thailand (meat).
Inova China is the hub solely dedicated to building bridges of innovation between China and Brazil. We offer the tools and insights for a successful strategy.
Get custom studies! To learn more, please contact us!
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