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    The Regional Comprehensive Economic Partnership: New Paradigm or Old Wine in a New Bottle?

    Das, Sanchita Basu; Jagtiani, Reema B. | November 2014
    Abstract
    ASEAN is currently negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement with its six trading partners. The RCEP has the potential to expand into a Free Trade Agreement of the Asia-Pacific (FTAAP) as it intends to harmonise rules and regulations across multiple overlapping trade agreements in the region. However, it faces challenges. The mention of a flexibility principle and the “ASEAN Way” of decision-making has led many to believe that the RCEP will be yet another low-quality trade agreement in the region. As such, the RCEP presents all ASEAN members an opportunity to take a central role in setting the agenda for a region-wide agreement. Hence, ASEAN must make efforts to attain an attractive RCEP vis-à-vis other competing regional agreements. Accordingly, this paper highlights what the RCEP is, how it has emerged and the issues that might affect the agreement’s final quality in order to evaluate it as a new paradigm or a repackaged version of ASEAN’s existing trade agreements.
    Citation
    Das, Sanchita Basu; Jagtiani, Reema B.. 2014. The Regional Comprehensive Economic Partnership: New Paradigm or Old Wine in a New Bottle?. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/6718.
    Keywords
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Free Trade
    Trade Agreements
    Trade Policy
    Economic Development
    Economics
    International Economics
    Intraregional Trade
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
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    Citable URI
    http://hdl.handle.net/11540/6718
    Metadata
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    ISEAS-Das-Jagtiani.pdf (251.3Kb)
    Author
    Das, Sanchita Basu
    Jagtiani, Reema B.
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise