New Asian trade bloc represents investment opportunities for Mexico
Mexico will be the gateway to the United States for seven of the 15 countries that make up the Regional Comprehensive Economic Association (RCEP, for its acronym in English), the largest trade agreement on a global scale.
Since 2018, the country signed the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP), which includes Australia, Brunei, Malaysia, Japan, New Zealand, Singapore and Vietnam; nations that joined the new trade bloc headed by China and represents 30 percent of the world's gross domestic product and has 2.1 billion consumers.
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