TPP, TTIP and RCEP

Rahman, Mohammad Masudur; Ara, Laila Arjuman

doi:10.1177/1391561415575126

Cited by 28 publications

(10 citation statements)

References 9 publications

(7 reference statements)

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“…However, Ciuriak and Singh (2015) discuss how non-ASEAN least developed countries are adversely affected by RCEP. Around the same time, Rahman and Ara (2015) conducted another study with CGE simulation showing how excluded Least Developed Countries (LDCs) will face the adverse effect of RCEP, while Bangladesh and neighboring countries might significantly impact their welfare and exports. Moreover, Vietnam's export will increase due to RCEP, and Bangladesh's export will be adversely affected if the country fails to join.…”

Section: Comprehensivementioning

confidence: 99%

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Goswami

Khan

Labiba

et al. 2022

IJOEM

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PurposeThe scope of this work is to explore whether Regional Comprehensive Economic Partnership (RCEP) would be beneficial to Bangladesh, given Bangladesh's strong ties with India and the west.Design/methodology/approachUsing extended gravity equation and data from Head and Mayer (2021) and the Direction of Trade Statistic (IMF, 2021) for Bangladesh with its applicable partner countries from 1972 till 2019, the authors attempted to examine the potential impact of joining RCEP while keeping its relationship with South Asian Association for Regional Cooperation (SAARC), and other existing economic integration schemes intact.FindingsUsing traditional pooled ordinary least squares, two-stage least square and generalized method of moment techniques, it has been revealed that conventional partners in the South led by India are still beneficial to Bangladeshs trading line. Joining RCEP provides ample avenues for trade expansion without replacing the positive effects of SAARC.Practical implicationsTraditional partners from European, American and South Asian trading opportunities are still paying enough dividends to Bangladesh. RCEP is providing a trade-enhancing chance for Bangladesh in the eastern direction. This paper provides a policy suggestion to look east policy of government. A total overhaul of her tax structure through minimizing excessive reliance on import tariff revenue is desired to facilitate her to join RCEP in the future because most of its prospective RCEP partners are import partners.Originality/valueThis is the first and the only study which explores the feasibility of Bangladesh to join the RCEP by using the most recently updated gravity data in a panel framework.HighlightsSince its inception on November 15, 2020, Regional Comprehensive Economic Partnership (RCEP) has emerged as one of the largest economic integration areas in the world.As a borderline country between South Asia and RCEP, Bangladesh is in a fix to take a decision either to join or not to join RCEP if they are invited.This paper used the gravity equation in an extended form by taking Bangladesh with its 197 trading partners’ trade data for 1972–2019.The findings postulate that the existing relationship with SAARC countries is still beneficial to its welfare, and RCEP is also economically helpful in enhancing its trade.

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Section: Comprehensivementioning

confidence: 99%

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Goswami

Khan

Labiba

et al. 2022

IJOEM

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“…In 2012, ASEAN joined the six nations together and formed the regional-wide FTA named the Regional Comprehensive Economic Partnership (RCEP). The RCEP FTA covers most of the Asian countries with a combined GDP of $17 trillion, accounting for approximately 40% of world trade (Rahman & Ara, 2015). One of the objectives of RCEP is to promote the trade in goods and services among the FTA members.…”

Section: Service Value Chains In Selected Asian Countriesmentioning

confidence: 99%

Servicification in global value chains: Comparative analysis of selected Asian countries with OECD

2018

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This paper investigates the trend of servicification in global value chains (GVCs). The degree of servicification is measured as the share of service value added in manufacturing exports. Service inputs are either from domestic market or from foreign countries, which are measured by the domestic servicification and the foreign servicification, respectively. Using the international input–output tables from 1995 to 2011, we estimate the degree of servicification across 61 countries with a focus on Asian nations which have been rarely studied in previous research. We observed an evident trend of servicification in manufacturing in the Asian countries, especially in the 16 countries associated with Regional Comprehensive Economic Partnership (RCEP). Asian countries tend to have a lower level of domestic servicification but a higher level of foreign servicification than OECD countries. We also identified five key factors in driving the trend of servicification. Countries with broader participation and lower positions in GVCs tend to have higher levels of foreign servicification in manufacturing. Improvements in information and communication technology (ICT) also raise the level of foreign servicification. However, countries with a larger supply of service workers, better regulation quality and less government governance have a higher level of domestic servicification in manufacturing.

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“…So Indonesia can use the best strategy to get positive impact from RCEP cooperation. Most existing studies compare RCEP with another FTA such as Rahman and Ara (2015) that analyze TPP-TTIP-RCEP and research by Wilson (2015) that entitle Mega-Regional Trade Deals in the Asia-Pacific: Choosing Between the TPP and RCEP. The research, not specific analyzes about RCEP especially the relationship with Indonesia.…”

Section: Figure 4 Export Of All Industrial Sectormentioning

confidence: 99%

Competitiveness and Factors Affecting Indonesian Food Industry’s Export to Regional Comprehensive Economic Partnership

2018

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Regional Comprehensive Economic Partnership (RCEP) is regional cooperation between ASEAN, Australia, China, India, Japan, South Korea and New Zealand. The vast potential of the RCEP provides an opportunity for the improvement of the Indonesian economy. This study aims to analyze the comparative advantages and dynamics export of Indonesia’s food industry as well as the factors affecting exports. The methods used Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and panel data. The results indicate that food industry generally has strong competitiveness in the RCEP market except in Australia, Cambodia, Japan, Korea and Laos. Meanwhile, the dynamics position of food industry exports is rising star in ten countries, and the rest are in the position of falling star and retreat. Factors that influence food exports are economic distance, real GDP per capita of the destination country, the population of the destination country, price export, trade openness and tariff.DOI: 10.15408/etk.v17i2.7239

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TPP, TTIP and RCEP

Cited by 28 publications

References 9 publications

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Servicification in global value chains: Comparative analysis of selected Asian countries with OECD

Competitiveness and Factors Affecting Indonesian Food Industry’s Export to Regional Comprehensive Economic Partnership

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