Tariff Reductions In RCEP: They Still Matter for ASEAN Trade

Sithanonxay Suvannaphakdy

Exporters in ASEAN are likely to face lower demand for their goods under the 15-nation Regional Comprehensive Economic Partnership, as three ASEAN dialogue partners – China, Japan and the Republic of Korea – are likely to intensify trade flows among them. This does not mean there is no room for ASEAN to accrue gains from the trade deal.