Source: CNBC
Speaking on CNBC, Carnegie’s Evan Feigenbaum stated that Sino-U.S. interdependence alone is clearly not sufficient as each country pursues regional trade treaties that exclude the other (for example, the Trans-Pacific Partnership in the United States and the Regional Comprehensive Economic Partnership in China). The challenge is for the two countries to create amuttually beneficial affirmative economic agenda. One way to do this is to focus on investments through a bilateral investment treaty (BIT) that examines issues across borders and behind borders, Feigenbaum stated, such as competition policies and subsidies.