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Constructing and Multilateralizing the Regional Comprehensive Economic Partnership : An Asian Perspective

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  • Shujiro Urata

    (Asian Development Bank Institute (ADBI))

Abstract

In May 2013 the ASEAN+6 countries began to negotiate the Regional Comprehensive Economic Partnership (RCEP). The objective of this paper is to analyze the feasibility of constructing such a region-wide agreement and to examine ways to multilateralize it. The paper first reviews free trade agreement (FTA) developments, and discusses the characteristics and motives of FTAs in East Asia. It then analyzes the contents of major plurilateral FTAs in East Asia, that is ASEAN’s five FTAs each with the People’s Republic of China, Japan, the Republic of Korea, India, and Australia/New Zealand, which are considered as a base for a region-wide FTA. Finally, the paper examines the feasibility of the RCEP by consolidating the ASEAN+1 FTAs and discusses the possible ways to multilateralize the RCEP.

Suggested Citation

  • Shujiro Urata, 2013. "Constructing and Multilateralizing the Regional Comprehensive Economic Partnership : An Asian Perspective," Governance Working Papers 23853, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:govern:23853
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    References listed on IDEAS

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    1. Hadi SOESASTRO, 2006. "Regional Integration in East Asia: Achievements and Future Prospects," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 215-234, December.
    2. Jeffrey J. Schott & Barbara Kotschwar & Julia Muir, 2013. "Understanding the Trans-Pacific Partnership," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6727, April.
    3. Razeen SALLY, 2006. "Free Trade Agreements and the Prospects for Regional Integration in East Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 306-321, December.
    4. Siow Yue CHIA, 2011. "Association of Southeast Asian Nations Economic Integration: Developments and Challenges," Asian Economic Policy Review, Japan Center for Economic Research, vol. 6(1), pages 43-63, June.
    5. Yoshifumi Fukunaga & Ikumo Isono, 2013. "Taking ASEAN+1 FTAs towards the RCEP: A Mapping Study," Working Papers DP-2013-02, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. Sang Chul Park, 2017. "RCEP versus TPP with the Trump Administration in the USA and Implications for East Asian Economic Cooperation," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(4), pages 135-152.
    2. Sapkota, Jeet Bahadur & Acharya, Chakra Pani & Minowa, Mari & Neupane, Pramila, 2018. "Trade integration in Asia: Trends and determinants," MPRA Paper 106063, University Library of Munich, Germany.
    3. Sapkota, Jeet Bahadur & Shuto, Motoko, 2016. "Is Pan-Asian Economic Integration Moving Forward? Evidence from Regional Trade Statistics," MPRA Paper 106075, University Library of Munich, Germany.

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    More about this item

    Keywords

    ASEAN+6; RCEP; region-wide agreement; FTA; East Asia; ASEAN; ASEAN+1;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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