China and 14 other Asia-Pacific nations recently signed the world’s largest free trade deal, the Regional Comprehensive Economic Partnership (RCEP). As discussed in Asia-Pacific RCEPonds to Trump’s Snub, the RCEP’s launch raises uncomfortable questions for Washington, though it is actually quite modest in terms of member commitments. That said, RCEP will usher in changes, and its resulting framework could give rise to interesting opportunities, not just for companies from member countries, but local subsidiaries…