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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.