Comparison of the Regional Comprehensive Economic Partnership and Other Free Trade Agreements

Innwon Park

Chapter 3 in Regional Comprehensive Economic Partnership: Implications, Challenges, and Future Growth of East Asia and ASEAN, pp 45-82 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: This study evaluates the desirability of RCEP by comparing it with other mega-lateral FTAs. Evaluating the member-specific scale effects of the FTAs, we find that RCEP will generate significantly larger gains compared with the CPTPP. Evaluation of the provisionspecific depth effects of RCEP suggests the possibility of positive gains but these gains may not be significant compared with those derived from the CPTPP. The existing CGE model analyses reveal that RCEP will generate greater gains than the CPTPP. RCEP will be more desirable for China, Japan, and the Republic of Korea and the estimated gains for ASEAN will notably increase as the model explicitly specifies the diagonal RoO cumulation scheme. Considering the sequence of implementing FTAs, we find that the CPTPP will generate greater gains for dual members, but the marginal gains enjoyed by RCEP members will not be substantial.

References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.eria.org/uploads/media/Books/2022-RCEP ... EP-and-other-FTA.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:era:chaptr:2022-rcep1-3

Access Statistics for this chapter

More chapters in Chapters from Economic Research Institute for ASEAN and East Asia (ERIA) Contact information at EDIRC.
Bibliographic data for series maintained by Ranti Amelia ( this e-mail address is bad, please contact ).