IB- Case 4

Answer the following questions:

1

What is the Regional Comprehensive Economic Partnership (RCEP)? Why is it important to global trade and the global economy? Why is the United States not a part of the agreement?

2

How does RCEP change the geopolitical landscape? Is the United States being left behind? Does the agreement represent a shift of power to the East?

3

Discuss what RCEP means to companies within the bloc? What are the implications of RCEP for U.S. companies and other companies operating outside the bloc?