3 ms·
> > The EU is the biggest trading bloc in the world. > That recently changed: Both of those are by population and not by GDP. GDP measures buying/negotiating
by busterarm 6y ago
> > The EU is the biggest trading bloc in the world.
> That recently changed:
Both of those are by population and not by GDP.
GDP measures buying/negotiating power. ASEAN is _tiny_.
The US is still top of the heap.
- mamon 6y agoYou must be thinking about AESAN countries alone, which have about $3 trillion GDP, but this free trade agreement also includes China ($13.6T), Japan ($5T) and Australia ($1.4T), placing it ahead of both USA ($20T) and EU ($15.6T) That was my point - that China can just focus on trading with other Asian countries and be well. Especially if they someday manage to add India ($2.7T) to the mix.