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RCEP Services Liberalisation: Key Features and Implications

In: Regional Comprehensive Economic Partnership: Implications, Challenges, and Future Growth of East Asia and ASEAN

Author

Listed:
  • Ramonette B. Serafica

    (ASEAN Secretariat)

  • Intan M Ramli

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

Abstract

The Trade in Services Chapter of the RCEP Agreement establishes the rules for the progressive liberalisation of trade in the region and sets out regulatory disciplines to mitigate barriers to competition. Considered the most significant feature of the RCEPagreement compared to other FTAs of ASEAN is the scheduling of market access commitments using the negative list approach. Thus, an immediate challenge formembers that initially adopted the positive list is the transition to the negative list scheduling approach. Furthermore, members will need to implement competitive androbust regulations in liberalising services. Developing countries, especially LDCs, mightalso face capacity constraints to fully take advantage of the market access given by the RCEP partners.

Suggested Citation

  • Ramonette B. Serafica & Intan M Ramli, 2022. "RCEP Services Liberalisation: Key Features and Implications," 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 4, pages 83-109, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2022-rcep1-4
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