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ASEAN's Leadership in the Regional Comprehensive Economic Partnership

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  • Yoshifumi Fukunaga

Abstract

Association of Southeast Asian Nations (ASEAN) centrality was one of the biggest motivations for ASEAN's proposal of the Regional Comprehensive Economic Partnership (RCEP) in 2011. In order to gain both politically and economically, ASEAN should play proactive roles in the RCEP negotiation as the driver of substance. ASEAN has already started exercising its influence over the substances of ASEAN + 1 free trade agreements (FTAs). In order to further strengthen its leadership in the RCEP, ASEAN should utilise the ASEAN Economic Community (AEC) as the model for RCEP. AEC has achieved a much deeper level of integration than the existing ASEAN + 1 FTAs by setting high ambitions with processes to induce reform initiatives of member states. By using familiar AEC measures, ASEAN can create a single and common position despite the large development gaps among its member states. If modelled after AEC, the RCEP will enforce ASEAN's reform efforts.

Suggested Citation

  • Yoshifumi Fukunaga, 2014. "ASEAN's Leadership in the Regional Comprehensive Economic Partnership," Asia and the Pacific Policy Studies 201509, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:appswp:201509
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    Cited by:

    1. Rosalyn Perkins & Mary Caroline Castaño & Condrad Montemayor, 2018. "Analysis of predictability and accountability transparency practices and FTA on trade growth in selected countries of the Asia-Pacific region: a descriptive-causal approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-18, December.
    2. Dayang Affizzah Awang Marikan & Mohammad Affendy Arip & Jaber Khan & Hazlin Hamzah, 2020. "Malaysia and RCEP Countries: Gain or Pain?," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 10(3), pages 213-221, September.
    3. Amlan Ray & M. G. Deepika & G. Badri Narayanan, 2021. "Analysis of India’s Competitive Position in RCEP," Vision, , vol. 25(3), pages 336-349, September.
    4. Sattayanuwat, Wanasin, 2015. "RCEP – Thailand Trade Creation and Trade Diversion: Evidence and Analysis," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205432, Agricultural and Applied Economics Association.

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