Regional trade agreement burdens global carbon emission mitigation

2021 ◽  
Author(s):  
Kailan Tian ◽  
Yu Zhang ◽  
Yuze Li ◽  
Xi Ming ◽  
Shangrong Jiang ◽  
...  
Keyword(s):  
International Trade ◽  
Trade Agreement ◽  
Economic Effects ◽  
Technological Advancement ◽  
Emission Mitigation ◽  
Regional Trade ◽  
Average Growth ◽  
Economic Output ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Abstract Regional trade agreements (RTAs) have been widely adopted to facilitate international trade and cross-border investment and ultimately promote economic development. However, ex ante measurements of the environmental effects of RTAs to date have not been well conducted. Here, we estimate the CO2 emission burdens of the Regional Comprehensive Economic Partnership (RCEP) after evaluating its economic effects. We find that trade among RCEP member countries will increase significantly and economic output will expand with the reduction of regional tariffs. However, the results show that complete tariff elimination among RCEP members would increase the yearly global CO2 emissions from fuel combustion by about 3.12%, which doubles the annual average growth rate of global CO2 emissions in the last decade. The emissions in some developing members will surge. We therefore stress the necessity of balancing carbon mitigation and the pursuit of economic profitability. The technological advancement of emission mitigation and more effective climate policies for international trade are urgently required to avoid undermining international efforts to reduce global emissions.

scholarly journals Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific

2021 ◽  
Author(s):  
Cyn-Young Park ◽  
Peter A. Petri ◽  
Michael G. Plummer
Keyword(s):  
Computable General Equilibrium ◽  
Computable General Equilibrium Model ◽  
Regional Trade ◽  
Economic Implications ◽  
The Pacific ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Factor Returns ◽  
Investment Patterns ◽  
Trade And Investment

The Regional Comprehensive Economic Partnership (RCEP) presents strong potential to mold regional trade and investment patterns well into the future and to influence the direction of global economic cooperation at a challenging time. This paper evaluates the RCEP’s impact on global and regional incomes, trade, economic structure, factor returns, and employment using a computable general equilibrium model. The results suggest that the RCEP agreement could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the RCEP will also strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.

scholarly journals Analisis Kerjasama Australia-ASEAN dalam Bidang Ekonomi

2020 ◽  
Vol 2 (2) ◽  
pp. 180
Author(s):  
Vaya Nabila Safitri
Keyword(s):  
Free Trade Agreement ◽  
Main Idea ◽  
Trade Agreement ◽  
Development Cooperation ◽  
Economic Prosperity ◽  
Cooperation Agreement ◽  
Library Research ◽  
Library Studies ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Research conducted to find out what was done by Australia-ASEAN in the economic field. The method used by researchers is deductive, in which the paragraphs are collected in general or the main idea of the paragraphs and then conclusions are drawn specifically. The type of research conducted is qualitative research in which collects data used by researchers, namely Library Studies (Library Research). Based on the results and discussion of ASEAN is an important part of economic prosperity in Australia. As a regional organization in the Southeast Asian region, ASEAN is currently the largest trading partner with Australia. Cooperation between Australia and ASEAN includes the Regional Comprehensive Economic Partnership (RCEP), the ASEAN-Australia Development Cooperation Program (AADCP), the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). Australia has welcomed the cooperation agreement. This cooperation agreement is important for trade in our region which will drive export opportunities for Australian businesses and facilitate more local employment.

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.

Key trade pact will be signed at ASEAN summit

2020 ◽  
Keyword(s):  
Climate Change ◽  
Free Trade Agreement ◽  
Regional Cooperation ◽  
Trade Agreement ◽  
Content Type ◽  
Leisure Travel ◽  
Security Issues ◽  
Common Framework ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Talks will be held virtually because of restrictions associated with the COVID-19 pandemic. A key focus will be finalisation of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement (FTA) involving the ten ASEAN members and five of the bloc’s dialogue partners. Impacts Discussion at the summits about non-traditional security issues such as climate change are unlikely to result in substantive outcomes. Countries deemed to be at low risk from COVID-19 may push for a common framework to reboot business and leisure travel. Formal launch of a COVID-19 ASEAN Response Fund, announced at June’s ASEAN summit, may spur greater regional cooperation over the pandemic.

Bilateralism will define India’s regional trade policy

2019 ◽  
Keyword(s):  
Trade Policy ◽  
Regional Trade ◽  
Trade Relations ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

After rejecting the Regional Comprehensive Economic Partnership, Delhi is set to recalibrate its trade relations

Asia-centred trade pacts will proceed with weaknesses

2018 ◽  
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
Regional Trade Agreements ◽  
Asian Countries ◽  
Regional Trade ◽  
Content Type ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
State Regional

Significance In contrast to this tariff escalation, eagerness to preserve the multilateral, rules-based economic order is drawing Asian countries into inter-regional trade agreements. Negotiations are ongoing to bring into effect a 16-state Regional Comprehensive Economic Partnership (RCEP) and an eleven-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Impacts Absent US involvement in the trade agreements, China will champion its own version of global free trade. Modifications within the CPTPP may reduce any incentive for the United States to rejoin. A US withdrawal from the WTO would weaken dispute systems used by smaller countries.

Japanese leadership will revive TPP

2017 ◽  
Keyword(s):  
Trade Agreement ◽  
Donald Trump ◽  
Content Type ◽  
Us Economy ◽  
Global Standards ◽  
The Us ◽  
Speed Up ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
Regional Comprehensive Economic Partnership

Subject The revival of the Trans-Pacific Partnership. Significance US President Donald Trump in January announced Washington's withdrawal from the Trans-Pacific Partnership trade agreement (TPP), bringing its implementation to a standstill. Without US participation, the TPP looked dead, since the US economy is larger than the other eleven economies combined. Nevertheless, after months of uncertainty, the project was revived by the eleven members under the leadership of Japan. Impacts Failure or watering down of a TPP-11 would leave China a greater role in setting global standards and norms. Progress towards the TPP-11 could speed up the Regional Comprehensive Economic Partnership and EU-Japan economic partnership agreement. Other states will seek TPP membership in the future, with Taipei and Seoul likely candidates.

scholarly journals Markets Matter: The Potential of Intra-Regional Trade in ASEAN and Its Implications for Asian Regionalism

2017 ◽  
Vol 16 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Lurong Chen ◽  
Philippe De Lombaerde ◽  
Ludo Cuyvers
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Quantitative Assessment ◽  
Regional Trade ◽  
The World ◽  
Asian Regionalism ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

This paper attempts to shed new light on further deepening the economic integration process in Southeast Asia using a quantitative assessment of the potential for further developing intra-regional trade. It is evident that ASEAN's export space is expanding faster than the world average and that there is still room for ASEAN countries to further develop the role of their intra-regional trade. To improve its export potential, ASEAN should liberalize trade not only intra-regionally but also globally. It could be in ASEAN's interest to accelerate the pace of regional integration under frameworks that involve the participation of non-ASEAN countries, especially an ASEAN Framework for Regional Comprehensive Economic Partnership.

scholarly journals Defending access to medicines in regional trade agreements: lessons from the Regional Comprehensive Economic Partnership – a qualitative study of policy actors’ views

2021 ◽  
Vol 17 (1) ◽  
Author(s):  
Belinda Townsend
Keyword(s):  
Public Health ◽  
Civil Society ◽  
Intellectual Property ◽  
Trade Agreement ◽  
Access To Medicines ◽  
Health Issues ◽  
Regional Trade ◽  
Middle Income ◽  
Health Concerns ◽  
Economic Partnership

Abstract Background The Regional Economic Partnership Agreement (RCEP) is a mega regional trade agreement signed by fifteen countries on 15 November 2020 after 8 years of negotiation. Signatories include the ten members of the Association of South East Asian Nations (ASEAN) plus China, New Zealand, Japan, South Korea and Australia. India was a negotiating party until it withdrew from the negotiations in November 2019. The RCEP negotiations were initially framed as focused on the needs of low income countries. Public health concerns emerged however when draft negotiating chapters were leaked online, revealing pressures on countries to agree to intellectual property and investment measures that could exacerbate issues of access to medicines and seeds, and protecting regulatory space for public health. A concerted Asia Pacific civil society campaign emerged in response to these concerns, and in 2019, media and government reporting suggested that several of these measures had been taken off the table, which was subsequently confirmed in the release of the signed text in November 2020. Results This paper examines civil society and health actors’ views of the conditions that successfully contributed to the removal of these measures in RCEP, with a focus on intellectual property and access to medicines. Drawing on twenty semi-structured qualitative interviews with civil society, government and legal and health experts from nine countries participating in the RCEP negotiations, the paper reports a matrix of ten conditions related to actor power, ideas, political context and specific health issues that appeared to support prioritisation of some public health concerns in the RCEP negotiations. Conclusions Conditions identified included strong low and middle income country leadership; strong civil society mobilisation, increased technical capacity of civil society and low and middle income negotiators; supportive public health norms; processes that somewhat opened up the negotiations to hear public health views; the use of evidence; domestic support for health issues; and supportive international public health legislation. Lessons from the RCEP can inform prioritisation of public health in future trade agreement negotiations.

scholarly journals Motif dan Kepentingan China dalam Pembentukan Regional Comprehensive Economic Partnership (RCEP)

2022 ◽  
Vol 6 (1) ◽  
Author(s):  
Muhammad Ferdy Pratama ◽  
Palwa Ibnu Sosa ◽  
Tegar Yulianto
Keyword(s):  
Qualitative Method ◽  
Trade Agreement ◽  
The United States ◽  
Chinese Economy ◽  
Asian Countries ◽  
The World ◽  
China And Japan ◽  
Trade War ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

The establishment of the Regional Comprehensive Economic Partnership (RCEP) began because of the conflict between China and Japan. The establishment of RCEP is to create the largest trade agreement in the world because this cooperation unites regional countries with large economies. China as a country that has the largest economic level among RCEP member countries makes China control most of the market in the region. This RCEP helps China in dealing with the trade war between China and the United States, although it has not yet had a big impact. This paper uses a qualitative method and focuses on China's motives in determining the RCEP. The results of this study confirm that China's motive in determining the RCEP is to counter-balance with the TPP and China's good image to Southeast Asian countries. In addition, RCEP has a significant impact on the Chinese economy. 

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