What are the top 10 most significant trade agreements or disputes globally this year?

1. RCEP (Regional Comprehensive Economic Partnership): Signed on November 15, 2020, RCEP is the world’s largest free trade agreement, involving 15 Asia-Pacific countries, such as China, Japan, South Korea, and ASEAN members.

2. US-China trade war: The ongoing trade dispute between the world’s two largest economies has resulted in tit-for-tat tariffs on billions of dollars’ worth of goods, impacting numerous industries.

3. Brexit trade deal: The United Kingdom’s departure from the European Union has led to a new trade agreement, which defines the future economic relationship between the UK and EU, affecting industries like agriculture, finance, and manufacturing.

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4. USMCA (United States-Mexico-Canada Agreement): Replacing NAFTA, the USMCA came into effect on July 1, 2020, and sets out the terms for trade among the three North American countries.

5. India-China border tensions affecting trade: The military standoff between India and China, along with ongoing border disputes, has led to friction in their bilateral trade relationship.

6. EU-China Comprehensive Agreement on Investment (CAI): Talks between the European Union and China regarding this investment agreement have intensified, aiming to improve market access and level the playing field for European companies in China.

7. African Continental Free Trade Area (AfCFTA): Launched on January 1, 2021, AfCFTA aims to create the world’s largest free trade area, covering 1.3 billion people in 55 African countries.

8. Trans-Pacific Partnership (TPP-11): Although the United States withdrew from the agreement in 2017, the remaining 11 countries, including Japan, Australia, and Canada, have kept the deal alive and expanded regional trade.

9. US-EU trade relations: The United States and the European Union have been engaged in various trade disputes, including aircraft subsidies, digital taxes, and tariffs on several goods.

10. WTO disputes: Various ongoing disputes within the World Trade Organization (WTO) among multiple countries regarding tariff disputes, subsidies, and trade barriers have significant global implications.