ASEAN’s Productive Year

Huong Le Thu

ASEAN has faced growing strategic rivalry in the Indo-Pacific, as well as unprecedented health and economic crises this year. While it might have struggled to retain its ability to bring the region together, Vietnam’s artful chairmanship has ensured that ASEAN has, for now, retained its ability to effectively channel regional cooperation.

Affirming ASEAN’s East Asian Centrality

Malcolm Cook

The signing of the 15-member Regional Comprehensive Economic Partnership is significant, and not only due to the fact that the trade deal will cover a third of the world’s population and GDP. The RCEP also affirms the power of the East Asia concept and ASEAN’s centrality within it.

ASEAN in the RCEP: Diversions and Reversions

Sithanonxay Suvannaphakdy

Tariff cuts under the Regional Comprehensive Economic Partnership will generate import gains for ASEAN as it will reverse the negative trade-diversion effects caused by the existing bilateral and ASEAN+1 free trade agreements. But there will be firms in ASEAN that have to compete with their counterparts from RCEP countries.

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.