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Transatlantic trends of trade

By David Fouquet and Jiang Shixue | China Daily | Updated: 2013-02-23 07:59

Potential EU-US free trade area would have big repercussions for China and other partners in Asia and South America

Plans recently announced for the creation of a vast new Atlantic free trade area, if realized, would have historic economic and trade implications, but potentially also geopolitical and strategic repercussions.

Although at first glance the ambitious and long-discussed project, representing trillions of dollars in trade and investment, directly concerns only the European Union and United States, it is clearly directed at China and other rising Asian economies.

Transatlantic trends of trade

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