China: Impact of RCEP on US Agricultural Exports to China
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On November 15, China joined 14 Asia-Pacific countries in signing the Regional Comprehensive Economic Partnership (RCEP) agreement. This is the first trade agreement between China and Japan. The implementation of the RCEP agreement is unlikely to change China’s trade in agricultural products in the Asia-Pacific region and will have a minor impact on U.S. agricultural exports to China in the near future.