Assessing the Impact of the Regional Comprehensive Economic Partnership on ASEAN Trade

2021 ◽  
Vol 38 (1) ◽  
pp. 133-154
Author(s):  
Sithanonxay Suvannaphakdy ◽  
Keyword(s):  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

Investment will drive solid Taiwanese growth in 2020

2020 ◽  
Keyword(s):  
Social Services ◽  
Trade Diversion ◽  
The United States ◽  
Ageing Population ◽  
Content Type ◽  
China Trade ◽  
Growth Prospects ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

Subject Taiwan growth prospects. Significance Taiwan’s GDP grew by 3.38% year-on-year in October-December 2019. This is an acceleration from 2.6% year-on-year growth in the second quarter to 3.0% in the third. Consumer spending has grown steadily, while investment reshoring and exports to the United States have grown even more strongly due to trade diversion designed to mitigate the impact of US-China trade tensions. Impacts Taiwan is not currently part of the Asia Regional Comprehensive Economic Partnership and its exclusion may limit its trade opportunities. If Taiwan learns from Japan’s experience of adjusting to an ageing population, automated social services could emerge as leading sectors. The president has a renewed mandate to introduce reforms aimed at raising wages and creating jobs, especially in high-skill industries.

scholarly journals Analysis of The Potential Impact of Regional Comprehensive Economic Partnership on the ASEAN Member Countries

2017 ◽  
Vol 8 (2) ◽  
pp. 28-37
Author(s):  
Makmun Syadullah ◽  
Miftahudin ◽  
Benny Gunawan Ardiansyah
Keyword(s):  
Free Trade ◽  
Working Group ◽  
Market Access ◽  
Free Trade Agreements ◽  
Market Expansion ◽  
Asean Member ◽  
Potential Impact ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

This paper aims to analyze the potential impacts of the RCEP concept developed in the working group and the potential impact on market expansion. Based on the results achieved in the working group dis-cussions, we used a qualitative approach. We put together a simulation of how the impact on trade and mar-ket development has been the goal of the establishment of RCEP. We concluded that the unification of the 16 countries in the RCEP expected to reduce the spaghetti bowl effect caused by a number of free trade agree-ments followed by a country. However, because RCEP does not eliminate regional free trade agreements that exist, RCEP tend to add to the chain's new spaghetti bowl. In addition, the opening of market access among partner countries in the ASEAN-expected results in increased trade intra-ASEAN partner countries so that the impact on economic growth in the region in general and ASEAN in particular.

scholarly journals How Does Industrial Structure Upgrading Affect the Global Greenhouse Effect? Evidence From RCEP and Non-RCEP Countries

2021 ◽  
Vol 9 ◽  
Author(s):  
Jiajia Dong ◽  
Yue Dou ◽  
Qingzhe Jiang ◽  
Jun Zhao
Keyword(s):  
Technological Innovation ◽  
Greenhouse Effect ◽  
Industrial Structure ◽  
Random Effect ◽  
Policy Implications ◽  
Kuznets Curve ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact ◽  
Industrial Structure Upgrading

This study empirically investigates the impact of industrial structure upgrading on global carbon dioxide (CO2) emissions by employing a balanced dataset of 73 countries over the period 1990–2019. After conducting a series of empirical tests, we used the fixed effect (FE) and random effect (RE) methods to estimate the econometric model, and divided the full sample data into two subsamples, i.e., Regional Comprehensive Economic Partnership (RCEP) countries and non-RCEP countries, for heterogeneous analysis. This study also examines the mediating role of technological innovation in the relationship between industrial structure upgrading and global CO2 emissions. The main findings indicate that: (1) both industrial structure upgrading and technological innovation show significant negative impacts on CO2 emissions in the global panel, the RCEP countries, and the non-RCEP countries; (2) industrial structure upgrading not only affects CO2 emissions directly, but also has an indirect impact on global CO2 emissions by promoting technological innovation; and (3) the environmental Kuznets curve (EKC) hypothesis is verified in this study; in other words, both economic growth and CO2 emissions exhibit a significant inverted U-shaped relationship in the global panel, the RCEP countries, and the non-RCEP countries. Finally, we highlighted some important policy implications with respect to promoting industrial structure upgrading and mitigating the greenhouse effect.

scholarly journals Economic Impacts of FTAs on Trade in Services: Some Empirics in East Asia

2015 ◽  
Vol 06 (02) ◽  
pp. 1550011
Author(s):  
Hikari Ishido
Keyword(s):  
Trade Liberalization ◽  
Service Firms ◽  
Service Trade ◽  
Trade In Services ◽  
Commercial Presence ◽  
Economic Partnership ◽  
Positive Correlations ◽  
Mode 3 ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

While the positive impacts of free trade agreements (FTAs) on liberalization in the services sector are widely noted, detailed quantitative analyses are rather scant. This paper takes a first step in analyzing the impact of ASEAN-related FTAs on mode 3 (commercial presence)-based trade in services. Overall, the results reveal some positive correlations between the degree of service trade liberalization in the host country and the service firms' commercial presence in that country. This points to a need to further promote service trade liberalization possibly under the auspices of the proposed Regional Comprehensive Economic Partnership (RCEP).

scholarly journals A Submission to the Joint Standing Committee on Treaties on the Regional Comprehensive Economic Partnership (RCEP)

2021 ◽  
Author(s):  
Matthew Rimmer
Keyword(s):  
Public Health ◽  
Intellectual Property ◽  
Electronic Commerce ◽  
Patent Law ◽  
Neutral Position ◽  
Wide Range ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Access To Knowledge ◽  
The Impact

Executive Summary This submission provides a critical analysis of the proposed Regional Comprehensive Economic Partnership (RCEP) – focusing in particular upon intellectual property and innovation policy.Recommendation 1 RCEP has a broad membership – even with the departure of India from the negotiations. Nonetheless, there remain outstanding tensions between participating nations – most notably, Australia and China. The re-emergence of United States into trade diplomacy will also complicate the geopolitics of the Asia-Pacific.Recommendation 2 The closed, secretive negotiations behind RCEP highlight the need for a reform of the treaty-making process in Australia, as well as the need for a greater supervisory role of the Australian Parliament.Recommendation 3 In terms of intellectual property principles and objectives, RCEP promotes foreign investment and trade, and intellectual property protection and enforcement. The agreement needs a stronger emphasis on public policy objectives – such as access to knowledge; the protection of public health; technology transfer; and sustainable development.Recommendation 4 RCEP establishes TRIPS-norms in respect of economic rights under copyright law.Recommendation 5 The agreement does not though enhance copyright flexibilities and defences – particularly in terms of boosting access to knowledge, education, innovation, and sustainable development.Recommendation 6 RCEP provides for a wide range of remedies for intellectual property enforcement – which include civil remedies, criminal offences and procedures, border measures, technological protection measures, and electronic rights management information. Such measures could be characterised as TRIPS+ obligations.Recommendation 7 The electronic commerce chapter of RCEP is outmoded and anachronistic. Its laissez-faire model for dealing with digital trade and electronic commerce is at odds with domestic pressures in Australia and elsewhere for stronger regulation of digital platforms.Recommendation 8 RCEP provides for protection in respect of trade mark law, unfair competition, designs protection, Internet Domain names, and country names.Recommendation 9 As well as providing safeguards against trade and investment action by tobacco companies and tobacco-friendly states, RCEP should do more to address the tobacco epidemic in the Asia-Pacific.Recommendation 10 RCEP has a limited array text on geographical indications, taking a rather neutral position in the larger geopolitical debate on the topic between the European Union and the United States.Recommendation 11 RCEP has provisions on plant breeders’ rights and agricultural intellectual property. There is a debate over the impact of such measures upon farmers’ rights in the Asia-Pacific.Recommendation 12 RCEP does not adequately respond to the issues in respect of patent law and access to essential medicines during the COVID-19 crisis. Likewise, RCEP is not well prepared for future epidemics, pandemics, and public health emergencies.Recommendation 13 RCEP provides limited protection of confidential information and trade secrets – even though there has been much litigation in this field in the Asia-Pacific.Recommendation 14 RCEP is defective because it fails to consider the inter-relationship between trade, labor rights, and human rights.Recommendation 15 RCEP fails to provide substantive protection of the environment, biodiversity, or climate in the Asia-Pacific.Recommendation 16 RCEP does little to reform intellectual property in line with the sustainable development goals.Recommendation 17 RCEP does not adequately consider Indigenous rights – including those in the Asia-Pacific.Recommendation 18 RCEP does not contain an investor-state dispute settlement mechanism. However, the Investment Chapter does have a number of items, which are problematic.

scholarly journals The RCEP and the Changing Landscape of World Trade

2019 ◽  
Vol 12 (1) ◽  
pp. 159-190 ◽  
Author(s):  
Julien Chaisse ◽  
Richard Pomfret
Keyword(s):  
Asia Pacific ◽  
Legal Analysis ◽  
Investment Policies ◽  
Legal Perspective ◽  
Investment Agreement ◽  
Economic Partnership ◽  
Deep Integration ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

Abstract This article provides a detailed economic and legal analysis of the Regional Comprehensive Economic Partnership (RCEP) with regard to foreign investment with the objective to give an assessment of the impact of this new treaty on investment policies and flows in the Asia-Pacific region. Part One analyzes recent foreign direct investment flows in the ASEAN+ 6 countries, focusing on sectors of rapid growth and participation in global value chains and offers an overview of the RCEP rules on investment from an economic and legal perspective. Part Two analyzes the impacts of deep integration agreements on investment, as in the ASEAN Comprehensive Investment Agreement and RCEP’s rules on investment, with particular emphasis on the actual and potential role of small and medium-sized enterprises. The final section looks forward, with best case and plausible-scenario analysis of future impacts on FDI within RCEP, if deep integration progresses among the 16 countries.

scholarly journals India’s China Challenge: Foreign Policy Dilemmas Post-Galwan and Post-Covid

2021 ◽  
pp. 2140003
Author(s):  
DAVID SCOTT
Keyword(s):  
The United States ◽  
China Policy ◽  
Economic Competition ◽  
Maritime Silk Road ◽  
Negative Effect ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Strategic Autonomy ◽  
The Impact

The paper analyzes the challenge to India from China, and the dilemmas faced by India in shaping an appropriate response. A two-level theory analysis indicates that some diminishing cooperation is possible at the global level, for example over environmental issues. However, regionally, this has been overtaken structurally by increasing sharp confrontation along the Himalayas and by rising geopolitical and geo-economic competition across Asia and the Indo-Pacific. This has been overlaid in 2020–2021 by the particularly negative effect on Indian relations with China of the clashes and casualties at Galwan and the impact of Covid-19. Given this sharpening challenge, the paper finds that India’s cherished axiom of full strategic autonomy now has to be tempered in its response by balancing dictates, particularly in the light of Stephen Walt’s balance of threat model. India’s responses pose various dilemmas in terms of effectiveness and counter-productiveness. Geopolitically, dilemmas continue to revolve for India around how far to invoke a Tibet Card and a Taiwan Card in its One China policy; and how far India can shape an immediate web (in effect around China) through strengthening security links with Vietnam, Mongolia and South Korea. Dilemmas also follow from how far India should pursue tighter security/military arrangements with more powerful China-concerned states like Australia, Japan, France, and above all, the United States. Geo-economically, India’s dilemmas revolve around how to respond to the Regional Comprehensive Economic Partnership (RCEP) and to China’s Maritime Silk Road scheme. Looking forward, an important factor will be how far India pulls away from Covid-19 disruption to the economy, and how far it will need to divert long-term economic funding away from immediate short-term military projects.

scholarly journals Analysis of the Impact of RCEP on China’s Mining Market

2021 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Zhiwei Lu
Keyword(s):  
Mining Industry ◽  
The United States ◽  
Inflation Expectations ◽  
Regional Trade ◽  
New Period ◽  
Potential Risks ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
High Level ◽  
The Impact

<p>RCEP (Regional Comprehensive Economic Partnership), a modern, comprehensive, high-level and mutually beneficial agreement was signed<span style="font-family: 'Times New Roman';">, which</span> marks the official establishment of the free trade zone with the largest participating population, the most diverse membership structure and the greatest development potential in the world. Benefit<span style="font-family: 'Times New Roman';">ed</span> from RCEP<span style="font-family: 'Times New Roman';">, the</span> regional trade liberalization <span style="font-family: 'Times New Roman';">can be achieved and the</span> rising global inflation expectations <span style="font-family: 'Times New Roman';">can be reached</span>. The mining industry, especially the metal industry, may usher in a new period of development opportunities. However, potential risks still need to be paid attention to. For example, the implementation of RCEP is <span style="font-family: 'Times New Roman';">far less than expectations; </span>the situation of Sino-US trade has further deteriorated<span style="font-family: 'Times New Roman';">;</span> and the implementation of economic stimulus policies in Europe and the United States falls <span style="font-family: 'Times New Roman';">out</span> of expectations.</p>

scholarly journals THE IMPACT OF US POLICY ON ECONOMIC INTEGRATION IN THE ASIA PACIFIC ON THE THRESHOLD OF THE THIRD DECADE OF THE 21ST CENTURY

2020 ◽  
pp. 71-87
Author(s):  
K. O. Chudinova
Keyword(s):  
United States ◽  
Regional Integration ◽  
The United States ◽  
Chinese Economy ◽  
Asia Pacific ◽  
Production Networks ◽  
The Us ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Impact

The Trump administration’s economic policy has led to increased uncertainty, disruption to global value chains, decline in trade in the Asia-Pacific region. Amid the US withdrawal from the Trans-Pacific Partnership, revising NAFTA, imposing tariffs, decoupling from the Chinese economy, Japan, China and other economies in the Asia Pacific are trying to develop new mechanisms to increase stability in the region and protect their production networks. One way to improve the situation is to conclude intra-regional and inter-regional free trade agreements, the number of which is increasing. At present, there are two competing mega-FTA projects of China and Japan – the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The United States is with moderate success developing its own format of a free and open Indo-Pacific, which is partly a counterbalance to the RCEP. The US also concludes bilateral agreements, such as first phases of trade deals with Japan and China. However, winning the negotiating table, the United States can seriously lose in competitiveness, as regional integration develops further and often without the participation of America.

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