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New trade agreement in Asia: liberalisation in times of geopolitical rivalry
Neue Handelsabkommen in Asien: Liberalisierung in Zeiten geopolitischer Rivalität
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract With the signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020, the announcement of the EU-China Comprehensive Agreement on Investment (CAI) on 30 December, and the prospects of enlarging the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTP... view more
With the signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020, the announcement of the EU-China Comprehensive Agreement on Investment (CAI) on 30 December, and the prospects of enlarging the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), trade policy with and within Asia is gathering speed. In the greater East Asia region, consisting of Japan, South Korea, China and the Association of Southeast Asian nations (ASEAN), economic integration via trade, investment, supply chains and digital connectivity will accelerate. In contrast, regions that remain on the outside - i.e. North America, Europe and India - surely fear that trade flows will be diverted. At the same time, geopolitics have become a determining factor of trade policy. Any agreement also represents political positioning in the context of the Sino-American rivalry, or at least a reinsurance against the risks of economic or technological decoupling. What are the economic and political perspectives of these trade and investment agreements? What goals and strategies are the relevant actors pursuing? And what are the consequences for Europe's trade policy? (author's abstract)... view less
Keywords
Asia; international economic relations; export policy; economic cooperation; economic agreement; free trade; geopolitics; trade policy; EU; ASEAN; Japan; South Korea; China; Far East; economic integration; India; United States of America
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Free Keywords
Internationales Handelsabkommen; Rivalität von Staaten; Implikation; Geoeconomics; Regional Comprehensive Economic Partnership; Comprehensive and Progressive Agreement for Trans-Pacific Partnership; Status und Rolle im internationalen System
Document language
English
Publication Year
2021
City
Berlin
Page/Pages
8 p.
Series
SWP Comment, 25/2021
DOI
https://doi.org/10.18449/2021C25
ISSN
2747-5107
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications