The world’s largest trade deal in recent decades may wind up creating high school-esque cliques on the international stage.
As the 12-nation Trans-Pacific Partnership (TPP) celebrates after sealing an agreement five years in the making, analysts are wondering whether the key losers from the deal, China and Europe, could join forces in retaliation.
“The question, thus, is what should China and Europe do in front of a huge economic block like TPP?,” remarked Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis, in a report this week.
“China and Europe may finally look at each other and find some commonalities that they were unaware of before.”
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