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Mr. Biden raised the idea of ​​alliances, setting new rules to shape China


 

The statements were made by former US Vice President Biden just a day after the Regional Comprehensive Economic Partnership (RCEP) was signed. With 15 member countries including major Asian economies such as China , Japan and South Korea, RCEP accounts for 30% of the world economy and 30% of the global population, according to Reuters News.


When asked about the possibility that the US would join the RCEP, Biden declined to respond by saying that he could not discuss US trade policies because it was not President: At a different time, there is only one president.


However, Biden also revealed he has a blueprint in the trade sector and will announce it on January 21, 2021, the day after the US president is sworn in. America accounts for 25% of the world economy. Biden said of American economic power, we need to link with other democracies, 25% or more to set the rules instead of China. and other countries decide as if they were alone.


Mr. Biden's idea was commented by Reuters as an attempt to bring America back to the world and gather forces to counterbalance the organizations and agreements led by China. The signing of the RCEP, commented by Reuters, shows a decline in US influence in the region. The premise for this, according to Reuters is that President Donald Trump abandoned the Trans-Pacific Partnership (TPP), which was negotiated when Mr. Biden was vice president under Barack Obama.


The former members of the TPP including Japan and many supporters of free trade were hoping Mr. Biden's victory will bring America back to the agreement. However, Mr. Biden has said very little on the subject and advisers have said he will not immediately lift tariffs on Chinese goods. This is not the first time Mr. Biden has shown his intention to continue the tough policy of China of the Trump administration. Analysts have previously warned that even when Biden enters the White House, relations between the US and China will not improve rapidly.


Under Trump, the United States has accused China of conducting non-rules of the game commercial activities and imposed additional tariffs on hundreds of billions of dollars of Chinese imports. When asked why he didn't say anything about trade agreements while pledging to bring the United States back to the World Health Organization and the Paris Agreement on climate change, Biden argued the need for Negotiate for free trade ideas.


US media confirmed that Mr. Biden was the president-elect. Despite the current President Trump's refusal to accept the election results leaders of many allies and partners of the US called to congratulate president-elect Biden.

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