Cross-regional mega-FTAs are now being preferred over bilateral and plurilateral trade agreements as imperialist powers compete for cheap labor, sources of raw materials, and markets. Workers of the South are set to bear much of the brunt of this shift, as new sets of trade rules would further permit monopoly capitalists to dictate the cheapest value of labor and other production facilities, and disregard decent standards, to accumulate bigger profit.
Download EILER’s briefer “Mega-FTAs and its implications on Asian Workers” written by Rochel Porras and Otto de Vries to read more on the potential impacts of RCEP and other mega-FTAs on the region’s labor sector. Get a copy here.
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