Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/256870 
Year of Publication: 
2021
Series/Report no.: 
PIDS Discussion Paper Series No. 2021-35
Publisher: 
Philippine Institute for Development Studies (PIDS), Quezon City
Abstract: 
The Regional Comprehensive Economic Partnership Agreement (RCEP) gathers 10 ASEAN countries and five partners, namely, the Republic of Korea, China, Japan, New Zealand, and Australia. RCEP covers a market of 2.2 billion consumers and accounts for more than 30 percent of the global GDP. The agreement was signed last November 15, 2020 through a video conference with the abovementioned countries. RCEP is the largest free trade agreement and can be a catalyst for economic development for the Philippines. However, there are economic and political concerns being raised against RCEP. This paper contributes to the discussion on RCEP by providing a policy tool that calculates the impact of the trade agreement on exports and GDP. The calculations show that RCEP has a positive impact on Philippine exports and GDP. Other top gainers would be Vietnam and Korea.
Subjects: 
regional integration
digital
sustainable development
trade
Document Type: 
Working Paper

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