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“RCEP from the middle powers’ Perspective”

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  • Fukunari Kimura

Abstract

East Asian countries signed the Regional Comprehensive Economic Partnership Agreement (RCEP) in November 2020. This paper demonstrates the importance of ASEAN centrality in East Asian economic integration and makes a preliminary assessment of the agreement in terms of the four expected roles: liberalization, rulemaking, reducing policy risks, and forming a pro-trade middle power coalition. The comparison with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reveals the strengths and weaknesses of RCEP. The paper emphasizes the importance of dynamic aspects of mega-FTAs after being in effect and claims that RCEP must be further developed as an evolving agreement.

Suggested Citation

  • Fukunari Kimura, 2021. "“RCEP from the middle powers’ Perspective”," China Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 162-170, May.
  • Handle: RePEc:taf:rcejxx:v:14:y:2021:i:2:p:162-170
    DOI: 10.1080/17538963.2021.1933059
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