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Joe Biden agrees to work with other democracies to rewrite the rules of international trade.
The president-elect of the United States signaled a change in the policies of President Donald Trump, who withdrew from the multilateral treaties and caused an increase in tensions with China.
His comments came just days after 15 Asia Pacific countries, including China, signed a landmark trade deal.
The Regional Comprehensive Economic Partnership (RCEP) is about one-third the size of the world’s economy and population.
“We represent 25% of the world’s trade capacity, of the world economy. We need to go hand in hand with other democracies – 25% or more – so that we can come up with trade rules,” said Mr. Biden.
Biden said not doing so would mean letting “China and others decide the game because they are the only player in the game.”
New address
Biden declined to comment on whether he would consider signing RCEP or TPP.
In a clear statement to attack Trump, Biden said his administration’s trade and foreign trade policies will be in a different color than his predecessor.
“I do not seek trade with an eye for an eye. The idea that we are provoking our friends and embracing autocracies does not make sense to me,” added Biden.
Trump withdrew from the TPP, a trade pact that was initially endorsed by the Obama administration.
Trump also imposed tariffs on China and placed restrictions on some Chinese tech companies for national security reasons.
Although he did not say what deals the United States might consider entering into, Biden did include some conditions for the United States to enter into international trade agreements.
“First, we will invest in American workers and make them more competitive.
“Second, we will make sure to include issues such as workers and environmentalists having a voice in the negotiations in the trade agreements we enter into,” he said.
RCEP includes 10 Southeast Asian countries and five are Korea, China, Japan, Australia, and New Zealand.
Although both agreements cover many of the same countries, China has never been a party to the TPP and the United States has never been a party to the RCEP.
After the US withdrew in 2017, the remaining members of the TPP signed a successor agreement, the CPTPP, which outlined specific terms that allowed the United States to rejoin.