Bericht

RCEP-Countries create Asia-Pacific free trade zone: Trade facilitation but no integrated bloc

The signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020 establishes the world's largest free trade area. The agreement was hailed as an important step forward for the international trade system: protectionism is no longer the only visible option for the third decade of the twenty-first century. But RCEP is a relatively weak instrument. It consolidates existing trade agreements in the region, but does not represent a breakthrough to a liberal economic space. It lacks the potential to make the Asia-Pacific region into a monolithic trading bloc, nor does it contribute to overcoming growing political tensions in the Indo-Pacific.

Language
Englisch

Bibliographic citation
Series: SWP Comment ; No. 3/2021

Classification
Politik

Event
Geistige Schöpfung
(who)
Dieter, Heribert
Event
Veröffentlichung
(who)
Stiftung Wissenschaft und Politik (SWP)
(where)
Berlin
(when)
2021

DOI
doi:10.18449/2021C03
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Dieter, Heribert
  • Stiftung Wissenschaft und Politik (SWP)

Time of origin

  • 2021

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