The world is always having some summit at someplace that is changing the way the world works and hoe the politics and trades are affected due to that. The nations at the summits hope to work out the best possible deals for the nations involved, and this mostly comes out positive. There is a backstage summit that has been changing the Asian scene as Indian demands are changing.
Southeast Asian leaders have gathered at the summit to discuss the Asian scene and are expecting to promote trade in the Asian region as the demand from India, which is a major player in the region, is fluctuating. The nations have been discussing the United States and China trade spat that has been affecting the nations in a very bad way, and they are trying to get a solution to go around it as China and the United States do not seem like they are making good anytime soon. Asia-wide Regional Comprehensive Economic Partnership (RCEP), which is backed by China was proposed and is being pushed by China, but the fate of it seems shaky as the summit of the Association of Southeast Asian Nations (ASEAN) did not even mention it let alone discussing it in Bangkok, Thailand.
This can mean that the nations are abandoning that deal in a protest for China to make good with the United States and put an end to the trade misery of the world that has lasted almost two years now and with the economic slowdown the world will be better off without a trade spat.
Tags : Asian summit, Regional Comprehensive Economic Partnership (RCEP), Association of Southeast Asian Nations (ASEAN),