As per reports, the withdrawal of the US under President Trump from the Trans-Pacific Partnership also known as TPP in January has created a window of opportunity to China to step in. Obama led TPP was labeled as a bad trade by Trump who claimed that this would cost American jobs.﻿

The TPP trade talks, taking place in Chile, is attended by leaders of several countries who are part of the partnership and China which is a new entrant deviating from the original plan. The absence of the US from the two-day event has not deterred the countries from going forward with the trade pact which was hinted earlier by some leaders.﻿

China is also working on its own RCEP, a trade deal involving some of the TPP countries, however, the Latin American countries are currently not a part of it.﻿