The Impact of RCEP on Trade and FDI for East and Southeast Asian Economies
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest free-trade agreement, brings together a diverse group of 15 economies, to mutually benefit from an expansion in regional trade and investment, through reduced trade barriers and tariffs and enhanced regulatory coherence. This partnership will undeniably reshape regional economic dynamics. To better understand the ability of the RCEP to reshape the economic dynamics in the region, it is essential to evaluate its impact on trade and foreign direct investment (FDI).