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Impacts of the RCEP on ASEAN and ASEAN Least Developed Countries in the Post-pandemic Recovery

Author

Listed:
  • Shandre Thangavelu
  • Shujiro Urata

    (Economic Research Institute for ASEAN and East Asia (ERIA))

  • Dionisius A Narjoko

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

This policy brief highlights the impact of the Regional Comprehensive Economic Partnership (RCEP) agreement on ASEAN and ASEAN least developed countries (LDCs) in the post-pandemic recovery. RCEP has key elements that will be crucial for the post-pandemic recovery and regional transformation, such as (a) a single rule-of-origin framework for the 15 member countries, which could have an accelerating and enhancing impact on global value chains in the region; (b) the key element of the China–Japan–Republic of Korea effect, where the RCEP agreement sets the first free trade arrangement for trade and investment for these countries; (c) key elements for digital transformation and services liberalisation in key services trade in e-commerce, financial, professional, and telecommunication services; and (d) ASEAN centrality, which is critical for the post-pandemic recovery and structural transformation of the region in terms of sustainable and inclusive growth.

Suggested Citation

  • Shandre Thangavelu & Shujiro Urata & Dionisius A Narjoko, 2021. "Impacts of the RCEP on ASEAN and ASEAN Least Developed Countries in the Post-pandemic Recovery," Working Papers PB-2021-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:pb-2021-01
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    References listed on IDEAS

    as
    1. Shandre Mugan Thangavelu & Wang Wenxiao & Sothea Oum, 2017. "Servicification in Global Value Chains: The Case of Asian Countries," Working Papers DP-2017-12, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko & Christopher Findlay, 2020. "Pandemic (COVID‐19) Policy, Regional Cooperation and the Emerging Global Production Network†," Asian Economic Journal, East Asian Economic Association, vol. 34(1), pages 3-27, March.
    3. Peter A. Petri & Michael G. Plummer, 2020. "East Asia Decouples from the United States: Trade War, COVID-19, and East Asia's New Trade Blocs," Working Paper Series WP20-09, Peterson Institute for International Economics.
    4. Thangavelu, Shandre M. & Narjoko, Dionisius & Urata, Shujiro, 2021. "Impact of FTA on Trade in ASEAN and Australia Using Customs Level Data," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 36(3), pages 437-461.
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