Changes in the Trade Pattern in China Under the RCEP
An Analysis of Trade Creation and Diversion Using the SMART-Wits Model
Bibliographic Data
| ID | 21828720 |
|---|---|
| Authors | Wenjie Zhang (0000-0001-5949-0268, Universiti Putra Malaysia, corresponding author), Muhammad Daaniyall Abd Rahman (0000-0001-7267-3042, Universiti Putra Malaysia), Mohamad Khair Afham Muhamad Senan (0000-0002-3446-2997) |
| Year | 2024 |
| Volume | 20 |
| Issue | 4 |
| Pages | 1 |
| Publication date | 2024-06-28 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Asian Social Science (JOURNAL) |
| Journal identifiers | ISSN: 1911-2017 • E-ISSN: 1911-2025 |
| Publisher | Canadian Center of Science and Education (PUBLISHER) |
| DOI | 10.5539/ass.v20n4p1 |
| OpenAlex | W4400138169 |
| Language | EN |
| References cited | 10 |
The Regional Comprehensive Economic Partnership (RCEP), one of the globe's most expansive free trade agreements (FTAs), has profoundly influenced its member countries' trading patterns. This fact is especially critical for a major economic powerhouse such as China. Understanding its trade creation and trade diversion within the RCEP context can facilitate successful formulation strategies and result in effective economic policies. In this study, we utilize the World Integrated Trade Solution Software for Market Analysis and Restrictions on Trade (WITS-SMART), a partial equilibrium modeling tool, on both state-level and industrial-tier tariff reductions under two distinct scenarios. Our findings confirm that China will benefit from impactful trade results across all RCEP members. Looking from industry point of view: machinery, chemicals, metals sector together with plastics and rubber production are projected to enjoy maximum rewards through increased trade creation and diversion opportunities from Japan and Korea. On the contrary, Australia and ASEAN have the greatest influence on the animal and vegetable sector. This crucial understanding creates strategic indicators that aid in evaluating the most appropriate alignments to harness the untapped potential in the RECP domain
Business · China · Economics · Expansive · General partnership · Geography · International economics · International free trade agreement · International trade · Political science · Tariff · Trade barrier · Trade creation · Trade diversion · Global Trade and Competitiveness · Global trade and economics · International Business and FDI
Interdependent preferential trade agreement memberships
What a Dilemma? Chinese Economics Growth Strategies Using IR Theories
Understanding RCEP and CPTPP
RCEP from the middle powers’ Perspective”
Measuring trade creation and trade diversion in the Central American common market
Trading blocs and the Americas
Do patterns of trade and international competitiveness support the case for industrial policy
The Theory of Customs Unions
Do free trade agreements actually increase members' international trade
Mega-Regional Trade Deals in the Asia-Pacific
| Highly cited | No |
|---|