scholarly journals INDIA’S EXPORT POTENTIAL WITH NON-ASEAN RCEP NATIONS-AN EMPIRICAL ESTIMATION

2020 ◽  
pp. 5-11
Author(s):  
Dr.O.S.Deol
Keyword(s):  
New Zealand ◽  
Gravity Model ◽  
Trade Agreement ◽  
Jel Classification ◽  
Empirical Estimation ◽  
Pull Out ◽  
Merchandise Export ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Common Trade

In November 2019, India decided to pull out from the Regional Comprehensive Economic Partnership (RCEP), initiated in 2012 to create a common trade block comprising 10 ASEAN nations along with Australia, China, India, Japan, Korea P R, and New Zealand. India already has free trade agreement (FTA) with ASEAN nations. In this backdrop, it becomes quite interesting to know about India’s export potential with Non-ASEAN RCEP nations. Since India has significant scope in export of services, this paper aims to assess India’s merchandise export potential with Non-ASEAN RCEP countries, viz. Australia, China, Japan, Korea P R, and New Zealand. The gravity model of international trade is employed to estimate India’s merchandise export potential with these nations. Panel data on India’s merchandise exports, spanning from 2005 to 2018, have been employed and results are based on pooled effects, random effects and fixed effect methods of OLS estimation. The study shows that India seems to have merchandise export potential with China only, while no merchandise export potential seems to exist with Australia, Japan, Korea and New Zealand. The finding of this research would be useful for academics, industry experts and government policy makers. KEYWORDS: Gravity Model, Export Potential, ASEAN, RCEP, India JEL Classification: F1, F12, O24

Is RCEP a Panacea for India?

2021 ◽  
pp. 001946622199862
Author(s):  
Rajat Deb
Keyword(s):  
European Union ◽  
The United States ◽  
Jel Classification ◽  
The Political ◽  
The European Union ◽  
Foreign Investments ◽  
Pull Out ◽  
Short Run ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

The successful integration and development strategies of East Asia and Southeast Asia in the forms of regional integrations such as the ASEAN have motivated to convert these into mega regional groups that is, the formation of the regional comprehensive economic partnership (RCEP). RCEP has remained under discussion in the political forums since 2012 which had reached its crucial phase but India had refused to sign the pact in the Bangkok summit on 4 November 2019. India’s decision to pull out from the RCEP has likely protected her domestic sectors from the Chinese aggressive dumping, but it could adversely impact foreign investments and bargaining powers with the United States and the European Union in the short run. JEL Classification Codes: P25, R11

scholarly journals Cơ hội, thách thức từ cam kết cắt giảm thuế quan trong hiệp định đối tác kinh tế toàn diện khu vực (RCEP) đối với hoạt động kinh doanh một số sản phẩm của Tập đoàn Dầu khí Việt Nam

2021 ◽  
Vol 2 ◽  
pp. 33-40
Author(s):  
Nghiem Thi Ngoan ◽  
Pham Ba Nam ◽  
Nguyen Thi Ngoc ◽  
To Minh Hieu ◽  
Dao Minh Phuong
Keyword(s):  
New Zealand ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Viet Nam ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Hiệp định đối tác kinh tế toàn diện khu vực (Regional Comprehensive Economic Partnership - RCEP) được ký kết ngày 15/11/2020, sau 8 năm đàm phán, là Hiệp định thương mại tự do (Free Trade Agreement - FTA) lớn nhất thế giới với sự tham gia của 10 nước thành viên ASEAN và 5 quốc gia gồm: Australia, Trung Quốc, Nhật Bản, Hàn Quốc và New Zealand. Đến cuối lộ trình, giai đoạn năm 2035 - 2040, Việt Nam sẽ xóa bỏ thuế quan với khoảng 85,6 - 89,6% số dòng thuế với các nước đối tác và các nước đối tác xóa bỏ thuế quan cho Việt Nam trong khoảng 90,7 - 92% số dòng thuế. Bài báo so sánh thuế nhập khẩu của Việt Nam và thuế nhập khẩu của các nước (trong RCEP) từ Việt Nam và so sánh với biểu thuế của các FTA mà Việt Nam đã tham gia trực tiếp hoặc thông qua ASEAN đối với các sản phẩm chính của Tập đoàn Dầu khí Việt Nam (PVN) và các đơn vị thành viên gồm: xăng dầu, LPG, polypropylene (PP), urea, NPK, xơ, sợi. Từ đó, nhận diện cơ hội và thách thức trong hoạt động kinh doanh các sản phẩm này khi tham gia vào Hiệp định RCEP.

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.

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.

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 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. 

India–European Union Trade Integration: An Analysis of Current and Future Trajectories

2021 ◽  
Vol 15 (4) ◽  
pp. 484-504
Author(s):  
Swetha Loganathan ◽  
Joshy Joseph Karakunnel ◽  
Vijay Victor
Keyword(s):  
Bilateral Trade ◽  
Trade Agreement ◽  
Trade Diversion ◽  
Jel Classification ◽  
Least Square ◽  
Trade Creation ◽  
Trade Integration ◽  
Merchandise Export ◽  
Gravity Database ◽  
Pseudo Maximum Likelihood

In a dynamic global environment of increased economic interdependence, nations are more than ever seeking to remove barriers to trade, despite growing trends of protectionism. In this context, India and the EU-27 have initiated talks for the establishment of a Bilateral Trade and Investment Agreement (BTIA) in an attempt to bring their economies together. However, after 16 rounds of negotiations, the failure to conclude this agreement has raised questions regarding the benefits of the agreement to India. This study attempts to examine the current trade scenario and the effects of the proposed regional trade agreement by estimating a structural gravity model. This study employs the Poisson Pseudo Maximum Likelihood (PPML) estimator for analysing the trade-creation and trade-diversion effects of the BTIA to overcome the shortcomings of ordinary least square (OLS) estimators. For the empirical analysis, the merchandise export data from the Gravity database has been taken for a period of 19 years from 2001 to 2019. The results indicate that the BTIA could lead to trade creation and trade diversion, highlighting the need for a re-evaluation of India’s trade policy. JEL Classification: F10, F13, F14, F15, O24

Towards an Asia-Pacific Regional Investment Regime

2019 ◽  
pp. 258-289
Author(s):  
Amokura Kawharu ◽  
Luke Nottage
Keyword(s):  
New Zealand ◽  
Dispute Settlement ◽  
Local Politics ◽  
Asia Pacific ◽  
The European Union ◽  
Future Design ◽  
Investment Treaties ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
New Generation

Many similarities and occasional differences are evident concerning the current approaches of Australia and New Zealand towards investment treaties, including the now politically sensitive issue of investor–state dispute settlement (ISDS). This chapter considers the potential of these two closely integrated countries to influence the future design of investment treaties in the Asia Pacific region, including for the Regional Comprehensive Economic Partnership (RCEP or ‘ASEAN+6’ agreement) – the negotiations for which include China. The chapter compares key areas of existing treaties already signed by Australia and New Zealand, as well as apparent positions set out by them in a leaked draft RCEP investment chapter. Given the concerns about US–style treaty drafting displayed recently by Indonesia and India, major economies still negotiating RCEP with Australia and New Zealand (as well as bilateral agreements with the former), the chapter also considers the scope for Australia and New Zealand to promote more pro-state provisions regarding both substantive commitments and procedures such as ISDS, which characterize contemporary preferences of the European Union. The chapter concludes that a transition to a new generation of treaties is likely not only given the evolving preferences of counterparties and local politics, but also because of various policy arguments for dialing back treaty commitments to foreign investors—albeit without eschewing them altogether.

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