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Agreeing on China's Favorite Trade Deal Set to Drag Into 2018

  • Asia’s push for RCEP slows as participants focus on rival pact
  • Tense negotiations show nations putting quality before speed
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Bloomberg’s Stephen Engle reports on the top agendas of th APEC and Asean meetings.(Source: Bloomberg)

After talks aimed at wrapping up a giant Pacific trade deal almost collapsed in acrimony in Vietnam last week, ministers are now warning that a rival Asian pact should also focus on quality over speed.

That doesn’t mean the 16-nation Regional Comprehensive Economic Partnership won’t get done. But the fraught negotiations in Danang over the Trans-Pacific Partnership showed that nations aren’t going to rush trade deals just to defend globalization against the rising protectionist mood since Donald Trump entered the White House.