RCEP-Countries create Asia-Pacific free trade zone: Trade facilitation but no integrated bloc

Heribert Dieter

No 3/2021, SWP Comments from Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs

Abstract: The signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020 establishes the world's largest free trade area. The agreement was hailed as an important step forward for the international trade system: protectionism is no longer the only visible option for the third decade of the twenty-first century. But RCEP is a relatively weak instrument. It consolidates existing trade agreements in the region, but does not represent a breakthrough to a liberal economic space. It lacks the potential to make the Asia-Pacific region into a monolithic trading bloc, nor does it contribute to overcoming growing political tensions in the Indo-Pacific.

Date: 2021
New Economics Papers: this item is included in nep-int and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/256664/1/2021C03.pdf (application/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:zbw:swpcom:32021

DOI: 10.18449/2021C03

Access Statistics for this paper

More papers in SWP Comments from Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().