The Regional Comprehensive Economic Partnership Agreement
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Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 176 |
Release | : 2022-04-01 |
Genre | : Business & Economics |
ISBN | : 9292694936 |
The Regional Comprehensive Economic Partnership (RCEP) is a milestone achievement in the regional economic integration led by the Association of Southeast Asian Nations (ASEAN) over the last 3 decades. It was formed to mitigate the challenges of dealing with multiple free trade agreements. This report analyses and compares the legal text of RCEP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and relevant agreements of the World Trade Organization. It offers a mix of policy recommendations and suggests road maps to orient RCEP toward successful implementation.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2021 |
Genre | : |
ISBN | : 9789284677900 |
15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalization in the future providing European companies with important opportunities.
Author | : Sanchita Basu Das |
Publisher | : |
Total Pages | : 9 |
Release | : 2013 |
Genre | : Regionalism |
ISBN | : |
The Regional Comprehensive Economic Partnership (RCEP) is an ambitious initiative to enhance economic integration and cooperation amongst the ten ASEAN member states and the group's Free Trade Agreement (FTA) partners of Australia, China, India, Japan, South Korea and New Zealand. If successfully concluded, RCEP as a grouping has the potential to generate a GDP of US$26.2 trillion (representing 32 per cent of global GDP) by 2015. It would also create the world's largest trading bloc and have major implications for Asian countries and the world economy as a whole. In particular, the partnership is expected be a powerful vehicle for widening global production networks and reducing the inefficiencies of heterogeneous Asian trade agreements.
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Publisher | : |
Total Pages | : |
Release | : 2022 |
Genre | : |
ISBN | : 9789292694944 |
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 79 |
Release | : 2022-04-01 |
Genre | : Business & Economics |
ISBN | : 9292694847 |
This publication compares the Product-Specific Rules of Origin (PSRO) of the Regional Comprehensive Economic Partnership (RCEP) with those of the ASEAN Trade in Goods Agreement (ATIGA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It contrasts the main rules of origin provisions of the three free trade agreements, then discusses differences and commonalities in how they were drafted. The study examines the stringency and leniency of RCEP PSRO relative to CPTPP and ATIGA and identifies where PSRO among the three are converging. Initial findings provide the basis for policy recommendations to help leverage RCEP to simplify rules of origin in Asia and the Pacific.
Author | : Pasha L. Hsieh |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2021-12-16 |
Genre | : Law |
ISBN | : 1108845606 |
Provides the first systematic analysis of new Asian regionalism as a paradigm shift in international economic law.
Author | : Deeparghya Mukherjee |
Publisher | : Routledge |
Total Pages | : 204 |
Release | : 2019-01-14 |
Genre | : Business & Economics |
ISBN | : 135106133X |
The Regional Comprehensive Economic Partnership (RCEP) aims to achieve greater integration between the ASEAN region and its six free trade agreement (FTA) partners (India, China, Japan, Australia, New Zealand and Korea). The RCEP is the only agreement to include three economies which are among the seven biggest economies of the world—China, Japan and India. The book opens with an introduction to the current status of economic integration and factors that would affect it and looks at key issues like non-tariff barriers, evolving investment regulations in China (in the context of FTAs), connectivity initiatives to integrate the region, rules of origin in the context of value chain integration in selected sectors as well as region-specific aspects of South Asia and South East Asia which would shape the regional economic architecture going forward. With an attempt to cover key imperatives, the book concludes by noting primary impediments to easier trade and investment flows in the region, highlighting possible policy recommendations to improve economic integration.
Author | : Thilo Rensmann |
Publisher | : Springer |
Total Pages | : 377 |
Release | : 2017-07-20 |
Genre | : Law |
ISBN | : 3319566636 |
This book provides an in-depth analysis of "Mega-Regionals", the new generation of trans-regional free-trade agreements (FTAs) currently under negotiation, and their effect on the future of international economic law. The main focus centres on the EU-US Transatlantic Trade and Investment Partnership (TTIP), the Trans-Pacific Partnership (TPP) and the EU-Canada Comprehensive Economic and Trade Agreement (CETA), but the findings are also applicable to similar agreements under negotiation, such as the Regional Comprehensive Economic Partnership (RCEP).The specific features of Mega-Regional Trade Agreements raise a number of issues with respect to their potential effect on the current system of international trade and investment law. These include the consequences of Mega-Regionals for the most-favoured-nation (MFN) principle, their relation to the multilateral system of the World Trade Organization (WTO), their democratic legitimacy and their interaction with existing bilateral investment treaties (BITs).The book is intended for academics and practitioners working in the field of international economic law.
Author | : Hanns Günther Hilpert |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Author | : Mahani Hamdan |
Publisher | : Bentham Science Publishers |
Total Pages | : 193 |
Release | : 2023-01-12 |
Genre | : Political Science |
ISBN | : 9815123238 |
The Regional Comprehensive Economic Partnership(RCEP) is a free-trade deal between 10 ASEAN member states and Australia,China, Japan, New Zealand, and South Korea. It is the world's biggest regionaltrade deal, and it will create the world's most populous trade area. Thisedited collection features 10 contributions from multidisciplinary authors andis meant to share research and best practises on different aspects of the RCEP.It presents research projects that contribute to the discussion about the theory,lessons learned, and business strategies, to give a better understanding of theRCEP and how it can shape policy in member countries. The themes in eachchapter can also serve to evaluate reports on the RCEP's overall progress. Thebook covers a broad range of subjects, including an overview of the RCEP,digital economy, peer-to-peer lending, international e-commerce, big data, ICTreadiness and much more. This work is a key source of information and referencefor RCEP development for academics and researchers (in economics and politicalscience), government and trade organisations and policymakers interested in theRCEP. Members of the general public who want to understand debates surroundingthe RCEP will also benefit from the information provided.