“R.C.E.P. gives foreign companies more flexibility in navigating between the two giants,” she said. “Reducing tariffs within the region increases the value of trade conditions in the Asian region, while uniform rules of origin facilitate the departure of production from mainland China while maintaining that access.” “While the United States is currently focusing on domestic policy issues, including the need to fight the pandemic and rebuild its economy and infrastructure, I`m not sure the rest of the world is waiting for America to put its house in order,” said Jennifer Hillman, senior fellow for trade and international political economy at the Council on Foreign Relations. The ambition of both sides – Europe to become the world`s exceptional economic power, which forces the big brother of the US and India to become the fastest-growing emerging economy – may have parallels, but synergy has yet to find common ground. . . .