IDEAS home Printed from https://ideas.repec.org/a/bla/chinae/v30y2022i5p49-74.html
   My bibliography  Save this article

An Evaluation of the Regional Comprehensive Economic Partnership Agreement: Market Access and Trading Rules

Author

Listed:
  • Bin Sheng
  • Chenxin Jin

Abstract

The Regional Comprehensive Economic Partnership (RCEP) agreement was signed on November 15, 2020. This marks the formal conclusion of the world's largest free trade agreement in terms of population and economic scale. The RCEP agreement covers new liberalization commitments in goods, services, investment, and movement of natural persons, and addresses some emerging behind‐the‐border trade issues, to forge more transparent, open, and inclusive trade rules. Its aim is to build a comprehensive, modern, inclusive, and high‐quality free trade agreement. This paper summarizes the framework and highlights of the RCEP agreement, measures the extent of tariff reduction from various perspectives, makes a quantitative assessment of the level of service trade liberalization of the member states adopting positive list commitments, and makes an in‐depth analysis of trade rules and provisions in the RCEP agreement. Furthermore, this paper also makes a comprehensive comparison of main provisions among the Comprehensive and Progressive Agreement for Trans‐Pacific Partnership, RCEP, and US‐Mexico‐Canada Agreement. The paper concludes with policy recommendations for China to promote the implementation of the RCEP agreement.

Suggested Citation

  • Bin Sheng & Chenxin Jin, 2022. "An Evaluation of the Regional Comprehensive Economic Partnership Agreement: Market Access and Trading Rules," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 49-74, September.
    • Handle: RePEc:bla:chinae:v:30:y:2022:i:5:p:49-74
    DOI: 10.1111/cwe.12437
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/cwe.12437
    Download Restriction: no
    File URL: https://libkey.io/10.1111/cwe.12437?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
    2. Ferrantino,Michael Joseph & Maliszewska,Maryla & Taran,Svitlana, 2020. "Actual and Potential Trade Agreements in the Asia-Pacific : Estimated Effects," Policy Research Working Paper Series 9496, The World Bank.
    3. Peter A. Petri & Michael G. Plummer, 2020. "Should China Join the New Trans‐Pacific Partnership?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(2), pages 18-36, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    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. repec:ilo:ilowps:470016 is not listed on IDEAS
    2. Ken Itakura & Hiro Lee, 2023. "Should the United States rejoin the Trans-Pacific trade deal?," International Economics and Economic Policy, Springer, vol. 20(2), pages 235-255, May.
    3. Kox, Henk L.M. & Rojas Romasgosa, Hugo, 2019. "Gravity estimations with FDI bilateral data: Potential FDI effects of deep preferential trade agreements," MPRA Paper 96318, University Library of Munich, Germany.
    4. Alberto Osnago & Nadia Rocha & Michele Ruta, 2019. "Deep trade agreements and vertical FDI: The devil is in the details," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(4), pages 1558-1599, November.
    5. Wen Yue & Qingxia Lin & Siyu Xu, 2023. "Investment effect of regional trade agreements: an analysis from the perspective of heterogeneous agreement provisions," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    6. Patricia Garcia-Duran & Montserrat Millet, 2015. "Efficient multilateralism or bilateralism? The TTIP from an EU Trade Policy perspective," UB School of Economics Working Papers 2015/321, University of Barcelona School of Economics.
    7. Gianluca Orefice, 2017. "Non-Tariff Measures, Specific Trade Concerns and Tariff Reduction," The World Economy, Wiley Blackwell, vol. 40(9), pages 1807-1835, September.
    8. Piet Eeckhout, 2022. "Brexit Sovereignty and its Dead Ends," Global Policy, London School of Economics and Political Science, vol. 13(S2), pages 98-105, April.
    9. Julián Tole Martínez, 2019. "Colombia entre los TLC y la OMC: ¿liberación o administración del comercio internacional?," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1139, October.
    10. Risti Permani, 2021. "FTA, Exchange rate pass‐through and export price behavior – Lessons from the Australian dairy sector," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(1), pages 192-221, January.
    11. Chakraborty, Debashis & Maheshwari, Sourabh & Parashar, Sushil, 2018. "Recent US-China Tariff War: Opportunities for Indian Pharmaceutical Exports?," MPRA Paper 89643, University Library of Munich, Germany.
    12. Koopmann, Georg & Vogel, Lars, 2011. "Globalisierung, Regionalisierung und die Handelspolitik der Europäischen Union," HWWI Policy Papers 58, Hamburg Institute of International Economics (HWWI).
    13. Jean-Christophe Bureau & Sébastien Jean, 2013. "Trade liberalization in the bio-economy: coping with a new landscape," Agricultural Economics, International Association of Agricultural Economists, vol. 44(s1), pages 173-182, November.
    14. Campi, Mercedes & Dueñas, Marco, 2019. "Intellectual property rights, trade agreements, and international trade," Research Policy, Elsevier, vol. 48(3), pages 531-545.
    15. José Manuel Álvarez Zárate (Editor), 2016. "¿Hacia dónde va América Latina respecto al derecho económico internacional?," Books, Universidad Externado de Colombia, Facultad de Derecho, number 860, October.
    16. Bureau, Christophe & Guimbard, Houssein & Jean, Sebastien, 2016. "What Has Been Left to Multilateralism to Negotiate On?," Conference papers 332753, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Patricia AUGIER & Olivier CADOT & Marion DOVIS, 2016. "Regulatory harmonization, profits, and productivity: Firm-level evidence from Morocco," Working Papers P162, FERDI.
    18. Kolcava, Dennis & Nguyen, Quynh & Bernauer, Thomas, 2019. "Does trade liberalization lead to environmental burden shifting in the global economy?," Ecological Economics, Elsevier, vol. 163(C), pages 98-112.
    19. Gianluca Orefice, 2015. "International migration and trade agreements: The new role of PTAs," Canadian Journal of Economics, Canadian Economics Association, vol. 48(1), pages 310-334, February.
    20. Sandar Oo & Zin Zin Naing, . "Expected Outcomes from the Bali Ministerial Conference: The view from Myanmar," Chapters, in: Yoshifumi Fukunaga & John Riady, Pierre Sauve (ed.), The Road To Bali: ERIA Perspectives on the WTO Ministerial and Asian Integration, chapter 11, pages 124-136, Economic Research Institute for ASEAN and East Asia (ERIA).
    21. Knobel, Alexander & Chokaev, Bekhan, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," EconStor Preprints 121853, ZBW - Leibniz Information Centre for Economics.

    More about this item

    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:bla:chinae:v:30:y:2022:i:5:p:49-74. 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: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iwepacn.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.