RCEP and East Asian Regional Integration

Fukunari Kimura, Shandre Mugan Thangavelu and Dionisius Narjoko
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Shandre Mugan Thangavelu: Jeffrey Cheah Institute for Southeast Asia, Sunway University Institute for International Trade, University of Adelaide

Chapter 1 in Regional Comprehensive Economic Partnership: Implications, Challenges, and Future Growth of East Asia and ASEAN, pp 1-13 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: The Regional Comprehensive Economic Partnership (RCEP) came into force on 1 January 2022. It was completed on 15 November 2020, comprising the 10 Member States of the Association of Southeast Asian Nations (ASEAN) and five countries in the region with which ASEAN has existing free trade agreements (FTAs) – Australia, China, Japan, the Republic of Korea (henceforth, Korea), and New Zealand. RCEP came into effect following its ratification by six ASEAN Member States – Brunei, Cambodia, the Lao People’s Democratic Republic (Lao PDR), Thailand, Singapore, and Viet Nam; and four non-ASEAN member countries – Australia, China, Japan, and New Zealand. Korea joined on 1 February 2022 and Malaysia will join on 18 March 2022.

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