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The Asean Economic Community and the RCEP in the world economy

Bibliographic Data

ID13120634
AuthorsKazushi Shimizu (Kyushu University, corresponding author)
Year2021
Volume10
Issue1
Pages1-23
Publication date2021-01-02
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Contemporary East Asia Studies (JOURNAL)
Journal identifiersISSN: 2476-1028 • E-ISSN: 2476-1036
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/24761028.2021.1907881
OpenAlexW3148597715
LanguageEN
Citations received19
References cited6

The Association of Southeast Asian Nations (ASEAN) has been leading economic integration within many structural changes in the world economy. ASEAN, established in 1967, has promoted regional economic integration since 1976. It started to work toward realizing the ASEAN Free Trade Area (AFTA) in 1992 and the ASEAN Economic Community (AEC) in 2003. ASEAN finally established the AEC at the end of 2015. The AEC is the most developed and advanced economic integration in East Asia. ASEAN is deepening the AEC for the next goal, AEC 2025. ASEAN also led East Asian cooperation initiatives, including ASEAN+3 and ASEAN+6, and ASEAN+1 FTAs. ASEAN proposed the Regional Comprehensive Economic Partnership (RCEP) and led the RCEP negotiations. Currently, rising protectionism and the US–China trade friction has great negative impacts on ASEAN and East Asia. Furthermore, the outbreak of COVID-19 has done great damage to ASEAN and East Asia. ASEAN is responding to the COVID-19 pandemic and strengthening the AEC steadily amidst growing protectionism and COVID-19 pandemic. The RCEP agreement was finally signed in November 2020. The RCEP is the first East Asian mega FTA. The RCEP has great meaning in ASEAN and East Asia. ASEAN secured ASEAN centrality in East Asian economic integration. The AEC and the RCEP will become more important amidst rising protectionism, and during and in the post-pandemic era

Business · China · East Asia · Economic integration · General partnership · Geography · International trade · Political science · Protectionism · Global trade and economics · International Arbitration and Investment Law · International Business and FDI

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Unique citing works19
Citations per year4.75
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 18

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