Figure 2

Trade blocs covering more than a quarter of world GDP are moving ahead without the US

Major trade agreements outside US participation, by share of global GDP

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Source: World Bank.
Notes: Percentages are shown separately for each agreement and are not additive because several countries participate in more than one agreement (e.g., Japan is in both RCEP and CPTPP, and the EU is included in both EU-India and EU-MERCOSUR). ACFTA = African Continental Free Trade Area; CPTPP = Comprehensive and Progressive Agreement for Trans-Pacific Partnership; EU = European Union; GDP = gross domestic product; MERCOSUR = Mercado Común del Sur (Southern Common Market); RCEP = Regional Comprehensive Economic Partnership.