{"id":58237,"date":"2023-12-01T20:22:03","date_gmt":"2023-12-01T19:22:03","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/short-overview-of-the-regional-comprehensive-economic-partnership-rcep\/"},"modified":"2024-04-20T07:56:43","modified_gmt":"2024-04-20T05:56:43","slug":"short-overview-of-the-regional-comprehensive-economic-partnership-rcep","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/58237\/","title":{"rendered":"Short Overview of the Regional Comprehensive Economic Partnership (RCEP)"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-58237","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalisation in the future providing European companies with important opportunities.","onlinedate":"2021-08-10 12:00:00","lang":"English","publication_series":"","publication_date":"20210201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"26","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.europarl.europa.eu\/RegData\/etudes\/BRIE\/2021\/653625\/EXPO_BRI(2021)653625_EN.pdf","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2021-08-10 12:00:00","types":[81966],"research_groups":[3491],"collaboration":"","persons":[4377],"persons_data":"[{\"personId\":4377,\"personName\":\"Birgit Meyer\",\"organisationNames\":[]}]","clients":[10718],"subclients":[],"partners":[8870,9073],"topics":[40978],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Meyer, B.<\\\/span> (2021). <span><em>Short Overview of the Regional Comprehensive Economic Partnership (RCEP)<\\\/em><\\\/span>. WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.europarl.europa.eu\\\/RegData\\\/etudes\\\/BRIE\\\/2021\\\/653625\\\/EXPO_BRI(2021)653625_EN.pdf\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.europarl.europa.eu\\\/RegData\\\/etudes\\\/BRIE\\\/2021\\\/653625\\\/EXPO_BRI(2021)653625_EN.pdf<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Meyer B<\\\/span>. <span class=\\\"title\\\"><span>Short Overview of the Regional Comprehensive Economic Partnership (RCEP)<\\\/span><\\\/span>. WIFO; 2021.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{239535ecb5794b86a3bf4f06747ecbe2,<\\\/div><div>  title    = \\\"Short Overview of the Regional Comprehensive Economic Partnership (RCEP)\\\",<\\\/div><div>  abstract = \\\"15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalisation in the future providing European companies with important opportunities.\\\",<\\\/div><div>  author   = \\\"Birgit Meyer\\\",<\\\/div><div>  note     = \\\"Short Overview of the Regional Comprehensive Economic Partnership (RCEP)\\\",<\\\/div><div>  year     = \\\"2021\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - Short Overview of the Regional Comprehensive Economic Partnership (RCEP)<\\\/p><p>AU  - Meyer, Birgit<\\\/p><p>N1  - Short Overview of the Regional Comprehensive Economic Partnership (RCEP)<\\\/p><p>PY  - 2021\\\/2<\\\/p><p>Y1  - 2021\\\/2<\\\/p><p>N2  - 15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalisation in the future providing European companies with important opportunities.<\\\/p><p>AB  - 15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalisation in the future providing European companies with important opportunities.<\\\/p><p>M3  - Study<\\\/p><p>BT  - Short Overview of the Regional Comprehensive Economic Partnership (RCEP)<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Short Overview of the Regional Comprehensive Economic Partnership (RCEP) - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/58237\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Short Overview of the Regional Comprehensive Economic Partnership (RCEP)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/58237\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-20T05:56:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/58237\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/58237\\\/\",\"name\":\"Short Overview of the Regional Comprehensive Economic Partnership (RCEP) - 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