Asia appears to be building large, powerful trade bloc

09/8/2009 | TIME (subscription required)

A powerful trade bloc could be emerging in Asia, with 19 free-trade agreements signed in recent years between major economic powers in the region. Taiwan is reaching trade accords with China, and the fresh Japanese regime is seeking greater economic integration in Asia. Should a bloc be created, it could rival the North American Free Trade Agreement and could make it more difficult for U.S. companies to get the same terms as Asian ones in regional trade.

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