Regional Comprehensive Economic Partnership (RCEP): Progress and Challenges
Meeryung, LA | June 2017
Abstract
The Regional Comprehensive Economic Partnership (RCEP) is an ongoing free trade agreement involving ASEAN member states (AMSs) and six trading partners: Australia, China, India, Japan, South Korea and New Zealand. In the last few years, the RCEP was negotiated in parallel and recognized as a competitor to another mega trade deal, the Trans-Pacific Partnership(TPP). The ASEAN-led trade deal is now in the spotlight after President Trump’s decision to withdraw the United States from the TPP.
This article examines the progress and chal-lenges of the RCEP, then discusses the impli-cations and prospects of the negotiation. Through this work, we can re-evaluate the economic significance of the RCEP amid growing protectionism in the Asia-Pacific region.
Citation
Meeryung, LA. 2017. Regional Comprehensive Economic Partnership (RCEP): Progress and Challenges. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7212.Keywords
Government Policy
Regional Organization
Regional Plans
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Regional economics
Regional planning
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
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