Sanchita Basu Das
Yusof Ishak Institute of Southeast Asian Studies
At the last Asia Pacific Economic Cooperation (APEC) Summit in November 2015, the United States and China advanced their own set of interests with respect to trade agreements in the Asia-Pacific region. While the United States celebrated the conclusion of its Trans-Pacific Partnership (TPP) deal in early October 2015, China stressed the potential of a Free Trade Area of Asia-Pacific (FTAAP).
In his speech, President Xi Jinping promised to work to ‘finish at an early date negotiations for the Regional Comprehensive Economic Partnership (RCEP), while accelerating talks on a China–Japan–South Korea FTA.’...