China and Europe May Join to Offset TPP

October 8, 2015 Share Print 0

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.”

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.