IDEAS home Printed from https://ideas.repec.org/p/era/wpaper/pb-2021-01.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: https://www.eria.org/uploads/media/policy-brief/Impact-of-RCEP-in-ASEAN-post-pandemic-recovery-new.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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).
    3. 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.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shandre Mugan Thangavelu & Shujiro Urata & Dionisius Narjoko, 2022. "The Post COVID-19 and RCEP: Pandemic Recovery in East Asia," Chapters, in: Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko (ed.), Regional Comprehensive Economic Partnership: Implications, Challenges, and Future Growth of East Asia and ASEAN, chapter 7, pages 171-194, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. George, Ammu & Li, Changtai & Lim, Jing Zhi & Xie, Taojun, 2021. "From SARS to COVID-19: The evolving role of China-ASEAN production network," Economic Modelling, Elsevier, vol. 101(C).
    3. Dimos Chatzinikolaou & Charis Michael Vlados, 2024. "New Globalization and Energy Transition: Insights from Recent Global Developments," Societies, MDPI, vol. 14(9), pages 1-21, August.
    4. Marc Atkins & Christian Peitz, 2023. "The world's largest free trade agreement RCEP and its financial markets - A perspective on volatility and risk," Working Papers Dissertations 113, Paderborn University, Faculty of Business Administration and Economics.
    5. Lintunen, Julia, 2021. "An overview of China's regional trade agreements," BOFIT Policy Briefs 1/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Fukunari Kimura & Shujiro Urata & Shandre Mugan Thangavelu & Dionisius Narjoko, 2022. "The Regional Comprehensive Economic Partnership: Challenges and Opportunities for ASEAN and East Asia," Chapters, in: Fukunari Kimura & Shujiro Urata & Shandre Mugan Thangavelu & Dionisius Narjoko (ed.), Dynamism of East Asia and RCEP: The Framework for Regional Integration, chapter 1, pages 1-11, Economic Research Institute for ASEAN and East Asia (ERIA).
    7. Xinxiong Wu & Chen Chen Yong & Su Teng Lee, 2022. "Addressing the COVID-19 Shock: The Potential Job Creation in China by the RCEP," IJERPH, MDPI, vol. 19(23), pages 1-15, November.
    8. Klona, Maria, 2021. "The Days After COVID-19: A Meta-Analysis on the Impact of Epidemics and Pandemics on Long-Term Macro-Economic Performance," American Business Review, Pompea College of Business, University of New Haven, vol. 24(1), pages 188-224, May.
    9. Halyna Mishchuk & Jakub Jerzy Czarkowski & Anastasiia Neverkovets & Eszter Lukács, 2023. "Ensuring Sustainable Development in Light of Pandemic “New Normal” Influence," Sustainability, MDPI, vol. 15(18), pages 1-16, September.
    10. Shiro Armstrong, 2021. "Economic Diplomacy and Economic Security under Abe," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 283-299, July.
    11. Bruno Jetin, 2021. "How will the COVID-19 pandemic affect the regions? A comparative analysis of the EU and ASEAN [Comment la pandémie de COVID-19 affectera les régions? Une analyse comparative de l'UE et de l'ASEAN]," Working Papers halshs-03171573, HAL.
    12. Iván Kataryniuk & Javier Pérez & Francesca Viani, 2021. "(De-)Globalisation of trade and regionalisation: a survey of the facts and arguments," Occasional Papers 2124, Banco de España.
    13. Wei Luo & Siyuan Kang & Sheng Hu & Lixian Su & Rui Dai, 2023. "Dual Effects of the US-China Trade War and COVID-19 on United States Imports: Transfer of China's industrial chain?," Papers 2309.02271, arXiv.org.
    14. Guo, Dong & Zhou, Peng, 2021. "The rise of a new anchor currency in RCEP? A tale of three currencies," Economic Modelling, Elsevier, vol. 104(C).
    15. Michael Frenkel & Tuyet Ngo, 2021. "Das RCEP-Abkommen und dessen Bedeutung für die EU [The RCEP and Its Relevance to the EU]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(6), pages 432-438, June.
    16. Shiro Armstrong & Peter Drysdale, 2022. "The Implications of the Regional Comprehensive Economic Partnership for Asian Regional Architecture," Chapters, in: Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko (ed.), Regional Comprehensive Economic Partnership: Implications, Challenges, and Future Growth of East Asia and ASEAN, chapter 9, pages 247-267, Economic Research Institute for ASEAN and East Asia (ERIA).
    17. Tamara OSTASHKO, 2021. "Multipolarity Of The World Trade: Challenges And "Corridor Of Opportunities" For Ukraine," Economy and Forecasting, Valeriy Heyets, issue 4, pages 29-52.
    18. Takeshi Hoshikawa & Taiyo Yoshimi, 2021. "The Effect of the COVID‐19 Pandemic on South Korea's Stock Market and Exchange Rate," The Developing Economies, Institute of Developing Economies, vol. 59(2), pages 206-222, June.
    19. He, Xi & Yang, Anton & Balistreri, Edward J. & Zhang, Wendong, 2021. "Agricultural Trade Impacts of RCEP: an Integrated Partial Equilibrium and General Equilibrium Assessment," Conference papers 333312, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    20. Shandre Mugan Thangavelu & Vutha Hing, 2023. "Structural Transformation and the Global Production Value Chain: Potential Impact of the Cambodia-Republic of Korea FTA on Cambodia," Working Papers PB-2022-12, Economic Research Institute for ASEAN and East Asia (ERIA).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:era:wpaper:pb-2021-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ranti Amelia (email available below). General contact details of provider: https://edirc.repec.org/data/eriadid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.