The EU and a 12-nation Indo-Pacific bloc are opening talks to explore forming one of the largest global economic alliances, according to sources cited by POLITICO

The initiation of talks between the EU and a 12-nation Indo-Pacific bloc to form a significant economic alliance could signal a strategic shift in global trade dynamics.

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The EU and a 12-nation Indo-Pacific bloc are opening talks to explore forming one of the largest global economic alliances, according to sources cited by POLITICO

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  • Canada PM Carney is spearheading the discussions.
Context

This development may enhance cooperation in trade and investment, potentially impacting currencies and commodity markets as institutions and investors reassess their geopolitical exposures. Keep an eye on risk sentiment and the response from Asia-Pacific economies as these discussions unfold.

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