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RCEP (Regional Comprehensive Economic Partner)
Terms in this set (16)
who are the members of RCEP?
China, ASEAN, Japan, South Korea, New Zealand, Aus
what is the goal of RCEP?
integrate International supply chains more effectively
the RCEP is the first FTA to include what?
two of the three world's largest economies
this is the first trade agreement to include what three countries?
Japan, China, South Korea
Is RCEP a tariff focused trade deal?
the limited tariff movement the RCEP provides means what?
only a modest increase in demand for Asia
does RCEP focus more on the demand or supply side?
what does CPTPP include that RCEP does not?
intellectual property and labor and environmental protection
which country backed out in 2019?
RCEP and CPTPP are examples of what?
pluryilateral trade agreements
how many active trade agreements are their?
came out of the TPP, signed in march 2018
-contains 13.5% of global GDP
-Involves a deeper level of agreement integration including trade in services, intellectual property, labor and environmental protection, and dispute resolution
-Aus, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietname
RCEP has 15 members and contains what percent of GDP?
why did China want to get involved in RCEP?
made in response to CPTPP because they wanted to counter U.S. influence in Asia pacific and show that they could play nice with neighbors
looks at removing tariffs on goods, does not look at services, does not go deeper or include intellectual property, environment and labor protection, not fully binding
RCEP will further ________ US economic influence in the region
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