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TPP-EU alliance makes good sense in fight against protectionism

Huge free trade zone can serve as warning and example to US-China squabbles

A new trade bloc comprised of the Asia-Pacific region and EU would account for 35% of global GDP, eclipsing both the U.S. and China.

TOKYO -- Simmering U.S.-China trade tensions and rising protectionism are threatening the global economy, with efforts to persuade the two countries to resolve their differences being largely ignored.

To counter these developments, the European Union and 11 members of the Trans-Pacific Partnership, or TPP-11, could band together to create a vast free trade zone.

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