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 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.

scholarly journals The role of tourism in the economy. The formation of tourist flows to the ASEAN countries

2021 ◽  
Vol 42 (18) ◽  
pp. 66-77
Author(s):  
Sazhida S. SAFINA ◽  
◽  
Irina G. TETERKINA ◽  
Keyword(s):  
Asia Pacific ◽  
Tourist Flows ◽  
The World ◽  
World Tourism Organization ◽  
Asean Countries ◽  
Tourist Demand ◽  
Tourism Organization ◽  
Statistical Yearbook ◽  
The Impact

In the presented article on the base of statistical data from the World Tourism and Travel Council, the World Tourism Organization, the ASEAN Statistical Yearbook, and the official websites of national tourism organizations of the ASEAN countries the impact of tourism on the economy of the ASEAN countries is assessed. The region’s tourist demand and supply are analyzed. The factors of the formation of the main tourist flows from Asia-Pacific, European, American and Australia and Oceania macroregions are studied.

Introduction

Asian Survey ◽  
2016 ◽  
Vol 56 (6) ◽  
pp. 1005-1016 ◽  
Author(s):  
Vinod K. Aggarwal
Keyword(s):  
Asia Pacific ◽  
Political Resistance ◽  
Special Issue ◽  
Geographical Regions ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

This special issue focuses on the rise of mega-FTAs—which involve efforts to liberalize trade across geographical regions with a multiplicity of countries—in the Asia-Pacific. We examine how the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership in this region have faced political resistance as negotiators attempt to address behind-the-border issues.

scholarly journals Analysis of the Role of Tariff Concessions in East Asia

2019 ◽  
Vol 13 (2) ◽  
pp. 141-167
Author(s):  
Kenichi Kawasaki ◽  
Badri G. Narayanan ◽  
Houssein Guimbard ◽  
Arata Kuno
Keyword(s):  
East Asia ◽  
Economic Benefits ◽  
Jel Classification ◽  
Trade Integration ◽  
Economic Partnership ◽  
Trade Analysis ◽  
Global Trade Analysis Project ◽  
The Impact ◽  
Tariff Reductions

While many studies focus on the impact of trade agreements, the literature has not focused on the extent of their implementation, in terms of the aspects agreed upon therein. In this article, we identify the past achievements of economic partnership agreements (EPAs) in the East Asian region in terms of tariff removals and suggest room for further economic benefits from trade liberalisation in the region. Second, we incorporate the HS6-level tariff concession dataset, which distinguishes between tariff removals agreed in these EPAs in East Asia but not yet implemented, from existing overall tariffs in 2011, in the Global Trade Analysis Project (GTAP) Database, which only incorporates enforced tariff reductions through the base-year applied tariffs. To analyse future trade integration, we include commitments that are not yet implemented. This allows us to analyse partial versus full enforcement of tariff concession commitments. Our results suggest that taking those commitments into account matters economically in East Asia. JEL Classification: D58, F13, F14, F15, F17

Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

2013 ◽  
Vol 12 (2) ◽  
pp. 144-164 ◽  
Author(s):  
Inkyo Cheong ◽  
Jose Tongzon
Keyword(s):  
Economic Impact ◽  
Economic Integration ◽  
Computable General Equilibrium ◽  
Trade Agreement ◽  
The United States ◽  
Computable General Equilibrium Model ◽  
Asia Pacific ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper estimates the net economic impact of these initiatives by eliminating the overlapping portions of free trade agreement–related economic gains through the use of a dynamic computable general equilibrium model. The paper analyzes the economic and political feasibility of these two initiatives and assesses their economic impacts. Finally, the paper provides implications for economic integration in East Asia based on a quantitative assessment.

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.

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