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China is leading a 15-nation pact that would create the world's biggest trade deal. The US isn't in it.

China is leading a 15-nation pact that would create the world's biggest trade deal. The US isn't in it.
Joern Pollex/Getty Images



Global trade is marching on with or without the US.




Next year, the world's biggest free trade deal could be signed.




The Regional Comprehensive Economic Partnership (RCEP) would be made up of 15 countries.




The US and India are not currently part of the deal, but China, Japan and other big Asian economies are.




If India joins, the trade pact would encompass 30% of the global economy.




View Business Insider's homepage for more stories.




As trade tariffs hammer the world economy, global trade is marching on with or without the US.
Next year the world's biggest free trade deal could be signed, between some of the world's largest and fastest-growing economies. But the US won't be part of it.
The Regional Comprehensive Economic Partnership (RCEP) is currently seven years in the making, according to Bloomberg, and is currently made up of 15 countries within South Asia and the Pacific regions. As well as some other smaller nations, the trade agreement currently boasts some of the world's biggest economies including Australia, China, Indonesia, Japan, Malaysia, Singapore, and South Korea.
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