Analysis of The Potential Impact of Regional Comprehensive Economic Partnership on the ASEAN Member Countries

Makmun Syadullah, Miftahudin - and Benny Gunawan Ardiansyah

Journal of Social and Development Sciences, 2017, vol. 8, issue 2, 28-37

Abstract: This paper aims to analyze the potential impacts of the RCEP concept developed in the working group and the potential impact on market expansion. Based on the results achieved in the working group dis-cussions, we used a qualitative approach. We put together a simulation of how the impact on trade and mar-ket development has been the goal of the establishment of RCEP. We concluded that the unification of the 16 countries in the RCEP expected to reduce the spaghetti bowl effect caused by a number of free trade agree-ments followed by a country. However, because RCEP does not eliminate regional free trade agreements that exist, RCEP tend to add to the chain's new spaghetti bowl. In addition, the opening of market access among partner countries in the ASEAN-expected results in increased trade intra-ASEAN partner countries so that the impact on economic growth in the region in general and ASEAN in particular.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rnd:arjsds:v:8:y:2017:i:2:p:28-37

DOI: 10.22610/jsds.v8i2.1794

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