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RCEP: A wake-up call for Europe to increase competitiveness
Through RCEP, Asian and Pacific countries have created the largest and most powerful trade zone in the world. Although there is no lack of geopolitical tension in the region, the member states have put aside political issues to prioritize economic growth. This could serve as an example for Europe, which has recently turned down a large transatlantic trade deal because of misguided and politicized fear-mongering. If the European Union wants to remain competitive, it will need a more pragmatic approach to trade.